Share this article
Bitcoin Trading Volume Is Up 100% From Its Recent Low
Bulls are back with a vengeance as shown by a 100 percent increase in trading volume from just four days ago.
By Sam Ouimet
Updated Sep 13, 2021, 8:11 a.m. Published Jul 18, 2018, 10:05 p.m.
With Tuesday's dramatic $600 bitcoin rally came a sharp rise in trading volume, more specifically a 100 percent increase from its 7-month volume low set just four days ago.
As of Monday, bitcoin's 24-hour trading volume had fallen to $2.92 billion, a level last seen on November 7. However, as price volatility tends to follow dramatic volume lows, bitcoin's breakout yesterday was no exception to the rule: 24-hour trading volume reached $5.9 billion.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
All in all, this marked a 103.7 percent increase from the 36-week low set this past Saturday.
On some exchanges, volumes even set records.
A popular high-leverage trading cryptocurrency exchange, Bitmex, experienced its highest bitcoin trading volume in an 8-hour window ever during the price surge yesterday. As seen in the chart below, the value recorded was north of $2.4 billion.
Further, this week's bitcoin trading volume is already well on its way to surpassing that of the prior week.
Since Monday, the cryptocurrency's trading volume is already above 115,000 BTC units, surpassing 90 percent of the total volume recorded in the prior full week, according to data from the Bitfinex exchange.
Breaking the long-term trend of declining volume could prove crucial for the bitcoin bulls if they wish to regain long term composure, and this week's action is a step in the right direction.
Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st, and AMP at the time of writing.
Volume image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
