Document Analysis NLP IA
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Summary (IA Generated)
Bitcoin’s meteoric rally to $40,000 has seen BTC smash its previous all-time high for ‘real‘ volume by roughly 100%.
7, Quantum Economics founder Mati Greenspan shared a chart showing that weekly spot volume has surged to double its previous high — according to Messari’s “real volume” metric — with more than $60 billion worth of BTC changing hands over the past seven days.
Messari’s “Real” volume metric was launched to aggregate and adjust the volumes of the top exchanges it believes report legitimate activity — Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex.
At the time of writing, more than $67 billion of BTC had changed hands this week, according to the metric.
Other crypto data providers are also reporting record volumes for BTC, with CoinMarketCap estimating that more than $85 billion worth of Bitcoin changed hands in the last 24 hours alone, while CoinGecko reported $77 billion in daily trade.
According to Skew, Bitcoin futures contracts have produced more than $97 billion in 24-hour trade.