Bitcoin trading volume peaked in late February 2021 to a level much higher in the rest of the year, marking a significant month in the coin's history. Whilst there is no clear explanation why the trade volume went up so much on February 26, Bitcoin's price development suggests the cryptocurrency's value around that time declined somewhat after weeks of growth and continued media attention. That morning, Bitcoin went down by around 11 percent - potentially sparking a buying frenzy for people who saw this an opportune time to invest in the coin. Indeed, most consumers in both the U.S. and the UK invest in crypto for growth prospects.
Bitcoin (BTC) 24 hour trade volume from July 1, 2020, to September 25, 2024
(in billion U.S. dollars)
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Statista, & CoinGecko. (September 25, 2024). Bitcoin (BTC) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 12, 2024, from https://www.statista.com/statistics/1272819/bitcoin-trade-volume/
Statista, und CoinGecko. "Bitcoin (BTC) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars)." Chart. September 25, 2024. Statista. Accessed December 12, 2024. https://www.statista.com/statistics/1272819/bitcoin-trade-volume/
Statista, CoinGecko. (2024). Bitcoin (BTC) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 12, 2024. https://www.statista.com/statistics/1272819/bitcoin-trade-volume/
Statista, and CoinGecko. "Bitcoin (Btc) 24 Hour Trade Volume from July 1, 2020, to September 25, 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Sep 2024, https://www.statista.com/statistics/1272819/bitcoin-trade-volume/
Statista & CoinGecko, Bitcoin (BTC) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1272819/bitcoin-trade-volume/ (last visited December 12, 2024)
Bitcoin (BTC) 24 hour trade volume from July 1, 2020, to September 25, 2024 (in billion U.S. dollars) [Graph], Statista, & CoinGecko, September 25, 2024. [Online]. Available: https://www.statista.com/statistics/1272819/bitcoin-trade-volume/