Bitcoin Logs Record-Breaking Holiday Volume
01/21/2025 12:26
Bitcoin recorded $46 billion in spot trading volume on Monday
Bitcoin recorded $46 billion in spot trading volume on Monday
According to David Lawant, head of research at FalconX, Bitcoin, the flagship cryptocurrency, recorded a whopping $46 billion in spot trading volume on Monday.
This is the largest print ever recorded during a holiday/weekend, according to Lawant. Notably, this is also the fifth-biggest volume print of all time.
Yesterday, the price of Bitcoin reached a new record high of $109,356. However, this rally was short-lived. The cryptocurrency ended up briefly retracing below the $100,000 level during the same day, printing an ugly candle on the chart.
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At press time, it is changing hands at $101,753 on the Bitstamp exchange.
According to data provided by CoinGlass, $747.71 million worth of crypto has been liquidated over the past 24 hours alone.
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About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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