Kaiko: Bitcoin Weekend Volume Drops to 16% of Total Volume
Odaily2024/06/30 09:30
By:Odaily
Odaily News Data from
cryptocurrency research firm Kaiko shows that the proportion of Bitcoin traded on weekends has fallen to an all-time low of 16% this year. The drop came after the launch of the spot
Bitcoin ETF, which appears to have changed the
Bitcoin trading schedule to make it more consistent with the schedule of traditional stock exchanges and reduce
Bitcoin price volatility. Unlike stocks, cryptocurrencies can be traded around the clock, even on Saturdays and Sundays. In the past, Bitcoin trading was notorious for its crazy weekends, but this phenomenon seems to be cooling down as Bitcoin weekend trading volume has continued to decline from a high of 28% in 2019. The launch of the Bitcoin ETF may be one of the important reasons. Dessislava Aubert, senior analyst at Kaiko, said the decline in weekend trading is a trend that has been around for years, but ETFs have exacerbated it. (Bloomberg)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!
You may also like
US spot bitcoin ETFs see inflows worth $92 million; BTC edges down
U.S. spot bitcoin exchange-traded funds (ETFs) recorded total daily net inflows of $92 million on Friday, spread across seven funds.
The Block•2024/09/21 20:33
Donald Trump Announced He Will Issue His Own Coin: But It’s Not What It Seems
Bitcoinsistemi•2024/09/21 18:51
BlackRock CEO Larry Fink Makes Bullish Remarks on Bitcoin
Larry Fink, CEO of BlackRock, the world's largest asset manager, spoke about Bitcoin in his statement.
Bitcoinsistemi•2024/09/21 18:51
Sandbox’s Bullish Breakout: Could This Be the Start of a 200% Price Jump?
Cryptonewsland•2024/09/21 17:00
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$63,252.92
+0.82%
Ethereum
ETH
$2,571.49
+1.21%
Tether USDt
USDT
$1
+0.06%
BNB
BNB
$585.31
+3.17%
Solana
SOL
$147.73
+0.56%
USDC
USDC
$1
+0.04%
XRP
XRP
$0.6022
+3.12%
Dogecoin
DOGE
$0.1089
+3.74%
TRON
TRX
$0.1522
+0.19%
Cardano
ADA
$0.3572
+1.63%
Bitget pre-market
Buy or sell coins before they are listed, including HMSTR, SCR, OGC, EIGEN, and more.
Trade now
Not a Bitgetter yet?Sign up now to embark on a journey into the crypto world!
Sign up now