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Ethereum breaks the absolute record of spot trading per day

6:23 pm, February 5, 2025

Ethereum ETH $2,788.11 Bridged Ether (StarkGate) 2.60% Market capitalization $0.24 billion VOL. 24 hours $1.28 billion has set a record daily spot trading volume of $ 38 billion. According to crypto industry analysts, the situation reflects the growing interest of investors.

At the same time, Bitcoin BTC $95,852.32 Bitcoin -1.01% Market capitalization $1.9 trillion VOL. 24 hours $0.93 billion recorded the third largest volume of $ 49 billion, according to David Lavante, head of research at FalconX. This surge in activity coincided with the volatility of the Ethereum exchange rate, which first dropped to $ 2,152 and then recovered to $ 2,919.

Eric Trump, the son of the current US president, openly expressed his optimism about Ethereum’s prospects on social media: «In my opinion, now is a great time to buy ETH. Thank me later». His statement coincided with major transactions by leading altcoin company World Liberty Finance on Coinbase.

Despite the record-breaking Ethereum trading volume, Bitcoin’s activity remained within the usual range, indicating stable demand rather than a new breakthrough. This underscores the growing role of Ethereum in the market as an asset for speculative activity during periods of high volatility. In November, the volume of Ethereum’s on-chain transactions reached $ 7.1 billion amid the US election and strong inflows of investment into ETFs.

Ethereum’s current record indicates an increase in investor and trader interest, which could have long-term implications for the cryptocurrency market.

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BTC

$95,852.32

-1.01%

ETH

$2,788.11

2.60%

BNB

$656.71

0.04%

XRP

$2.56

-1.30%

SOL

$169.39

-2.51%

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