Bitcoin Trading Volume Surges 8% as Price Hits $112,000

Bitcoin trading volume for both spot and futures exchanges has surged over the past two days, coinciding with a significant price increase. The world's largest cryptocurrency by market value saw its spot trading volume reach the highest two-day total in nearly two months, amounting to $150 billion. Concurrently, Bitcoin futures trading volume on Wednesday exceeded $203 billion, marking the third-highest daily total for 2025. This surge in trading activity comes as Bitcoin's price climbed to an all-time high of nearly $112,000, with the cryptocurrency recently trading at approximately $111,100, reflecting a 2% increase over the past 24 hours and nearly an 8% gain over the past week.

The recent price surge has been driven by a combination of encouraging macroeconomic indicators and investor confidence in Bitcoin's potential as a hedge against the depreciation of the U.S. dollar. The crypto market has also benefited from a reduction in global trade tensions and favorable inflation readings. Additionally, the demand for Bitcoin ETFs has increased, with publicly traded firms such as Strategy and Metaplanet continuing their Bitcoin buying sprees. Strategy, formerly known as MicroStrategy, now holds about 576,000 Bitcoin in its treasury, valued at over $64.5 billion at the current price.

Major altcoins have also experienced gains over the same period. Ethereum, the second-largest digital asset by market value, has seen a 56% increase over the past 30 days, with its price recently trading at over $2,600, reflecting a 5.6% gain over the past 24 hours. Bitcoin's price movements have historically been correlated with stock market trends and, more recently, with safe-haven assets like gold, as investors seek to mitigate macroeconomic uncertainties.