Bitcoin Trading Volume Soars as Price Pumps to New Heights
Bitcoin trading volume for spot and futures exchanges reached significant highs, with spot trading hitting $150 billion over two days, the highest in nearly two months. Futures trading volume exceeded $203 billion on Wednesday, marking the third-highest daily total of 2025. Bitcoin's price approached all-time highs near $112,000, recently trading at about $111,100, reflecting a 2% increase in 24 hours and nearly 8% over the past week. This surge is attributed to positive macroeconomic indicators and Bitcoin's perceived role as a hedge against U.S. dollar depreciation. Inflows into American spot Bitcoin ETFs surpassed $1.6 billion this week. Only ten days this year have seen over $75 billion in single-day spot volume. Major altcoins like Ethereum also experienced gains, with ETH rising 56% over the past month. The crypto market's rebound coincides with easing global trade tensions and favorable inflation readings.
