Bitcoin Hits Record $145B Daily Volume as Retail and ETF Inflows

• Bitcoin daily trading volume spikes to $145 billion, driven by increased retail and ETF inflows post-U.S. election.
• Also, Bitcoin peaked at $89,950 with a $1.787 trillion cap, overtaking silver.
• Bitcoin ETFs see record inflows, with over $1 billion on consecutive days

Bitcoin has been breaking records on multiple fronts in the past few days as it surges toward the much-anticipated $100K price target.  On Tuesday, Bitcoin reached an all-time high of $89,950, pushing its market capitalization to $1.787 trillion.Because of this, Bitcoin is now worth more than silver and is the eighth most valuable asset in the world.

In parallel, Bitcoin achieved a new milestone in market turnover, recording a staggering $145 billion in daily trading volume. Matrixport pointed out that this surge in volume represents a nearly 50% increase from previous peaks, including the early August flash crash and the March 2024 highs.

Bitcoin’s $145B Volume Surge Driven by Retail and ETF Inflows

The report highlighted that these new records indicate a renewed wave of interest from retail investors and institutional players, particularly following the U.S. presidential election. Historically, heightened retail participation has often sustained high volume and upward momentum for weeks or months, especially during bullish market conditions.

Additionally, search interest in Bitcoin has surged. Google data reveals that Bitcoin-related searches are now at 78%, their peak levels in recent years. Notably, this metric signals growing curiosity and excitement among the general public about crypto and Bitcoin.

Adding to the bullish momentum, Bitcoin ETFs have seen remarkable inflows, with over $1 billion recorded on both of the two days following the U.S. election victory.

For instance, U.S. Bitcoin ETFs had a record $1.37 billion net inflow on Friday, when Bitcoin reached $75K. On Monday, there was $1.11 billion in inflows. On Tuesday, net inflows were $817.5 million when Bitcoin fell slightly from its $89K high.

Ultimately, these activities confirm that the crypto market sentiment has pivoted towards optimism, and investors anticipate more explosive growth in Bitcoin’s value.