Bitcoin’s spot trading volumes for the current quarter have reached $721.10 billion, according to CoinGecko data. However, if September’s volumes follow the trend of July and August, it will be the lowest trading volumes for a quarter since Q1 2019. Quarterly trading volumes have been consistently above $2 trillion between 2019 and 2023. In the past two months, Bitcoin’s trading volumes were $345.89 billion and $354.84 billion. If September’s volumes remain around $350 billion, the quarterly trading volumes would be close to $1.05 trillion, indicating a potential 14% decline compared to the previous quarter. CoinGecko data shows that Bitcoin’s total trading volume in Q1 2019 was $541.3 billion.
Key points:
1. Bitcoin’s spot trading volumes for the current quarter are at $721.10 billion.
2. If September’s volumes mirror those of July and August, it will be the lowest trading volumes for a quarter since Q1 2019.
3. Quarterly trading volumes were above $2 trillion between 2019 and 2023.
4. Bitcoin’s trading volumes for the past two months were $345.89 billion and $354.84 billion.
5. If September’s volumes remain around $350 billion, the quarterly trading volumes would be close to $1.05 trillion, marking a potential 14% decline compared to the previous quarter.
Hot Take:
Bitcoin’s spot trading volumes have been decreasing this quarter, potentially reaching the lowest level since Q1 2019. This decline in trading volumes could have implications for the overall market and investor sentiment. It will be interesting to see if the trend continues in the coming months and how it may impact the price and stability of Bitcoin.
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