Crypto trading volume surged to $10t for the first time in November

Sarah Wolter

December 5, 2024

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Sarah Wolter

The combined volume doubled last month, according to data compiled by CCData. Crypto markets surged amid optimism for a friendlier regulatory environment for the industry under the newly elected Trump administration, with market bellwether Bitcoin jumping 38% and setting a record high of almost $100,000 (and finally broke through that level on Thursday of this week).

“This sentiment is evident in the increased appetite for assets like Ripple, which has historically faced heightened regulatory scrutiny,” said Jacob Joseph, senior research analyst at CCData. “Optimism is also evident on the institutional side, with CME volumes seeing a significant uptick and substantial inflows into spot Bitcoin ETFs over the past month.”

https://www.bloomberg.com/news/articles/2024-12-04/crypto-trading-volume-surged-to-10-trillion-for-the-first-time-in-november?srnd=phx-markets&_bhlid=ef1d2993b01330ba6353e818684de0af6a606a49&sref=EcccZSTc