Bitcoin trading volumes hit a record $ 145 billion per day

Analysts at Matrixport reported that bitcoin trading volumes BTC $91,003.48 Bitcoin -0.45% Market capitalization $1.8 trillion VOL. 24 hours $2.22 billion reached $ 145 billion over the past day. This significant growth, which is 50% higher than the level recorded in March during the previous price increase, is seen by experts as an important bullish indicator.

In addition to the growth in trading, Matrixport experts note an increase in searches for bitcoin on Google Trends and record inflows into cryptocurrency-related spot ETFs. According to the experts, the current market situation is favorable for further increase in the value of the market leader, especially given the possible reduction of the interest rate by the US Federal Reserve in the future.

To continue the upward trend, it is important for bitcoin to hold the key support zone at $ 90,000. This may become the basis for a continued rally, according to Matrixport. Earlier, OKX Crypto Exchange President Hong Fan also noted that macroeconomic and regulatory factors will influence the future growth of bitcoin.