Bitcoin and Ethereum weekly trading volume reached 7-month highs
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Bitcoin's weekly trading volume reached $46 Billion while Ethereum reached $18.5 Billion in the week of December 17 to December 23. The last time weekly trading volume was higher was in early May. Total Bitcoin volume for 2018 surpassed $2 Trillion in late November and is expected to reach $2.2 Trillion by the year-end. It grew by 153% compared to 2017 when the total Bitcoin volume was approximately $870 billion.
Ethereum was the second most traded cryptocurrency with about 37% of Bitcoin's volume; more than $800 million in 2018. As can be seen from the graph, the volumes of both Bitcoin and Ethereum are still very correlated.
AUTHOR
Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.
See More
