CEXs saw record-breaking trading volume as Bitcoin touched ATH
Summary
Bitcoin briefly reached an all-time high of $69,000 on Mar. 5, but quickly dropped to $59,300. Trading volume on centralized exchanges surged by 405% from Mar. 2 to Mar. 5, with trade count and average trade size also increasing. The US market's share of Bitcoin trading volume rose to 18.05% by Mar. 5. Binance and Coinbase dominated global and US trading volume, respectively. The volatility drew in both existing and new market participants, leading to increased trading activity.
