Daily Volume of Bitcoin Transactions on Major Exchanges Reached $10B Last Week: Report

According to Arcane Research analysts, over the past few weeks, the activity of investors in the spot market has increased. Last week, the average daily volume of Bitcoin transactions on major exchanges reached $10 billion.

The company analysts have noted that the market had favorable conditions for the growth of trading. The BTC price has been strengthening since the beginning of January. Its value has increased by about 40% in a month. The users of the largest Binance platform showed the greatest activity.

The Fed’s rate hike hasn’t had a negative impact on Bitcoin so far.

According to analysts, Bitcoin will be able to break above $24,000 this week and even approach $25,000.