The trading volume of December 2023 was $1.1 trillion. The last highest estimate was recorded in May 2022 – $1.35 trillion.
Stephen Zheng, president of The Block Research, emphasized that December was a “sluggish month” for cryptocurrency trading, but that growth now is driven by optimism linked to the potential adoption of spot Bitcoin in the US.
“Given the holiday season, December is historically a slow month for cryptocurrency trading. “The fact that monthly spot trading volume exceeded $1 trillion for the first time in over a year shows that the industry is truly optimistic about the impending approval of the spot Bitcoin ETF and the resurgence of the bull market,” he said.
Source: Ferra
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