Bitcoin Trading Volume Hits New Yearly High: 7-Day Average Surges Past $13 Billion

• Bitcoin spot trading volumes have hit a new yearly high
• The 7-day average daily trading volume has reached $13 billion
• Most of the trading is concentrated on Binance

Bitcoin Spot Trading Volume Hits New High For 2023

Data shows the Bitcoin spot trading volumes have hit a new yearly high in the past week as the price of the cryptocurrency has taken a volatile turn.

What Is The Daily Trading Volume?

The “daily trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the Bitwise 10 exchanges. These platforms are chosen for this calculation as they provide reliable data in the market.

Recent Market Activity Suggests Traders Are Active

When the value of the indicator is high, it means that large number of coins are seeing some movement on the spot market right now. This trend suggests traders are active currently.

7-Day Average Daily Trading Volume Chart

Chart showing 7-day average daily trading volume

BitStarz Player Lands Record Win Of $2,459,124

Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Play Now!