Bitcoin (BTC) 
$90,621 experienced a notable increase in trading volume following the U.S. presidential elections, reaching a record trading volume of $145 billion in the last 24 hours. According to data compiled by Matrixport, this volume reflects a rise of over 50% compared to the rapid decline witnessed in August and the peak levels of March 2024.
Individual Investor Interest Reawakens
Matrixport indicates that this recent surge in trading volume signals a resurgence of interest among individual investors in the cryptocurrency market. Historically, individual investors tend to show high engagement in bull markets for weeks or even months. This increase can be interpreted as a bullish signal for the Bitcoin market.
According to Google search trends, searches related to Bitcoin have reached 78% of their five-year peak. This trend indicates that investors are showing increasing interest in the largest cryptocurrency.
High Demand for Spot Bitcoin ETFs
Moreover, spot Bitcoin ETFs in the U.S. have emerged as another indicator of rising interest. Following the U.S. elections, over $1 billion flowed into spot Bitcoin ETFs on two consecutive days. These inflows reflect investors’ confidence in the largest cryptocurrency, indicating a swift recovery in the market.
Matrixport asserts that the recent increase in Bitcoin’s trading volume shows that cryptocurrencies are regaining popularity among individual investors, suggesting that market activity may continue in the upcoming period.
Currently, Bitcoin is trading at $87,558, reflecting a 1.18% decrease in the last 24 hours. Additionally, the market capitalization of the largest cryptocurrency stands at $1.73 trillion. The total market capitalization of the cryptocurrency market hovers around $2.9 trillion, demonstrating Bitcoin’s continued dominance, with its market share exceeding 60%.
