Cryptocurrency Bitcoin has become twice as popular as Apple

The trading volume of the cryptocurrency bitcoin has doubled that of Apple (NASDAQ: AAPL), according to data for the last 30 days.

As it became known, the average daily trading volume of BTC for 30 days amounted to $ 27.7 billion. At the same time, Apple’s average daily trading volume for the same period was $ 11.6 billion. Thus, despite the volatility in the crypto market, bitcoin’s trading volume is 2.3 times higher than Apple’s.

According to analysts, the value of Apple was affected by inflation, which was the highest in 40 years (9.1%). Interestingly, bitcoin dropped in price by 5% in a matter of minutes after the publication of data on the US economy — BTC was trading below $ 19,000. However, a few days later, bitcoin managed to rise by more than 7% per day, bringing the entire crypto market to a capitalization of $ 1.11 trillion as of July 20.