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Grayscale Bitcoin Trust

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-exchange-daily-trading-volume-hits-new-high/" data-wpel-link="internal">Crypto Exchange Daily Trading Volume Hits New High</a> 
The daily trading volume on centralized cryptocurrency exchanges has reached a level not seen since November 2021. According to The Block’s Data Dashboard, the seven-day moving average of daily trading volume recorded across various centralized exchanges hit $97.4 billion on March 6th. This figure has climbed from the low levels of $24 billion at the beginning of February. 
<h2 class="p1" style="text-align: justify" id="new-record-in-exchange-volumes">New Record in Exchange Volumes</h2> 
The daily exchange volume has only been higher than this point for less than two months in history, most of which occurred during the 2021 bull market when <a href="https://coin-turk.com/korkulan-tarih-geldi-150-000-bitcoin-btc-bu-sefer-harekete-gececek-mi" data-wpel-link="internal">Bitcoin</a> reached its first peak at $69,000. Subsequent developments led to a rapid decline in <a href="https://en.coin-turk.com/kripto-para-analitik-a%c2%9eirketi-intotheblock-bitcoins-rise-is-imminent/" data-wpel-link="internal">Bitcoin</a> prices, which was followed by a decrease in investor interest and trading volumes. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-324791 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/borsa-hacim.png" alt="" width="1059" height="840"> 
While the daily trading volume has increased rapidly in the last few days, the monthly trading volume has also been on the rise for the past few months. In December 2023, the monthly volume seen on exchanges surpassed the $1 trillion mark for the first time since late 2022. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-324792 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/aylik-hacim.png" alt="" width="1048" height="829"> 
The majority of trading transactions take place on <a href="https://en.coin-turk.com/binance-founder-changpeng-zhaos-lawyers-request-permission-for-him-to-return-to-the-united-arab-emirates/" data-wpel-link="internal">Binance</a>, followed by UpBit, OKX, and <a href="https://en.coin-turk.com/floki-controversy-tokenfi-listing-raises-concerns-among-investors/" data-wpel-link="internal">Coinbase</a>. According to data from The Block’s Data Dashboard, Binance holds approximately a 43% market share among all exchanges. 
<h2 class="p1" style="text-align: justify" id="interest-in-etf-funds-continues">Interest in ETF Funds Continues</h2> 
The increase in volume coincided with the launch of 9 new spot Bitcoin ETF funds and the conversion of Grayscale Bitcoin Trust into an ETF fund. These ETF funds saw a net inflow of approximately 170,000 Bitcoins valued at $11.4 billion. The total assets under management for all ETF funds have risen above $50 billion, with cumulative volumes soon to reach the $100 billion threshold. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-324790 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/etf-veri.png" alt="" width="1049" height="830"> 
This interest has driven Bitcoin‘s price to record levels again. The cryptocurrency briefly surpassed its all-time high of $69,000 earlier this week but remained just below this level after a sudden wave of selling. During this period, the altcoin market has continued to experience volatile days, with particular interest in memecoins and AI-powered crypto assets highlighting this trend once again. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-exchange-daily-trading-volume-hits-new-high/" data-wpel-link="internal">Crypto Exchange Daily Trading Volume Hits New High</a></h5>

Crypto Exchange Daily Trading Volume Hits New High

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