Is Bitcoin volume dying out? Weekend trading hits rock bottom
Bitcoin’s (BTC) weekend share of trading volume has reached an all-time low in 2024, with a trending dominance of weekdays. This trend highlights an important shift for the leading cryptocurrency, approaching the traditional finance market behavior as institutions take over. This data was recently highlighted in a Kaiko report comparing the trading volume on weekends to weekdays. Notably, Bitcoin registered a 16% share of the trading volume during the weekends from January to June. This marks an all-time low for the same period, with Kaiko looking at data from seven BTC pairs since 2012. Previously, higher lows were in 2022 and 2013, both with 19% of the overall trading volume happening on weekends. Moreover, there has been a notable downtrend since 2019’s 28% peak, with weekend volume making lower highs every two years. Picks for you ...