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Daily cryptocurrency exchange volumes have surged to a 12-month high, reaching $117 billion, significantly higher than the yearly average of $44 billion. This spike in trading activity is attributed to a strong performance from USD-backed exchanges, which have collectively recorded $229 billion in November alone, approaching the previous month’s total of $237 billion. Analysts note that this increase in trading volume reflects a bullish sentiment in the market, particularly as Bitcoin approaches all-time highs.
$117B in Daily Volume - What’s Really Driving This Crypto Wave? Trading volumes are off the charts, hitting $117B in a day compared to a $44B yearly average. November alone is pacing at $229B for USD-backed exchanges - just shy of October’s $237B total, with weeks to go.… https://t.co/koOaHvGLUM
$117B Traded in a Day - The Bulls Are Feasting The daily crypto trading volume just ripped to $117B, leaving the $44B yearly average in the dust. November already has $229B on USD-backed exchanges - just shy of October’s $237B. Meanwhile, Bitcoin’s smashing ATHs just under… https://t.co/RiVlR6SVSf
[THE BLOCK] Daily exchange trading volumes hit a 12-month high of $117 billion https://t.co/Ck2SdeNqOV
