Matrixport: The increase in market value and trading volume may further promote the popularization and application of cryptocurrency this year
Odaily Planet Daily reports that Matrixport released a chart today stating that over the past two years, the total market value of the crypto market has jumped from 1 trillion US dollars to the current 3.3 trillion US dollars, and trading volume has also surged from 40 billion US dollars to a peak of nearly 400 billion US dollars. This growth momentum reflects investors' continuously rising interest and is expected to further promote the popularization and application of cryptocurrencies by 2025.
It should be noted that an increase in trading volume often coincides with price increases and market capitalization expansion. In addition, as long as Bitcoin's price remains above $90,000, most investors still maintain profitability, so there is less likelihood of panic selling in the market. Another trend worth noting is a decrease in weekend trading volumes which indicates institutional investors are gradually dominating the market and mainly driving transaction activity on weekdays.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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