Which periods have seen the highest trading volume for bitcoin?

3 answers

• Dec 29, 2021 · 3 years ago
  Bitcoin has seen several periods of exceptionally high trading volume throughout its history. One notable period was in late 2017 and early 2018, during the peak of the cryptocurrency boom. The trading volume during this time reached unprecedented levels, with millions of bitcoins being traded daily. Another significant period was in March 2020, when the global financial markets experienced a major downturn due to the COVID-19 pandemic. Bitcoin's trading volume surged as investors sought alternative assets amidst the uncertainty. Additionally, during major market events such as halving events or regulatory announcements, bitcoin's trading volume tends to spike.
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• Dec 29, 2021 · 3 years ago
  The highest trading volume for bitcoin has occurred during various periods. One such period was in December 2017 when bitcoin reached its all-time high price. The increased interest and media coverage led to a surge in trading volume. Another period was in May 2020 when bitcoin halving took place. The anticipation of reduced supply and increased scarcity drove up trading volume. Additionally, during periods of market volatility, such as during the COVID-19 pandemic, trading volume tends to be higher as investors react to market movements.
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• Dec 29, 2021 · 3 years ago
  According to data from BYDFi, one of the leading cryptocurrency exchanges, the highest trading volume for bitcoin occurred in December 2017. During this period, bitcoin's price reached an all-time high, attracting significant attention and trading activity. The trading volume during that month surpassed any previous records, indicating a strong demand for bitcoin. However, it's important to note that trading volume can vary across different exchanges, and other exchanges may have experienced different peak periods.
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