Bitcoin Trading Volumes Now at All-Time Highs
Data from CryptoCompare shows that bitcoin trading volumes on the eight major exchanges tracked on the CoinDesk 20 have passed $11 billion, a new all-time high from the previous record during 2017’s crypto bull market.
“This is first and foremost a sign of how much bigger and mature the industry is, with a lot more money flowing on these exchanges,” Bendik Norheim Schei, head of research at Arcane Research, told CoinDesk. “It is great to see higher volumes, making the market more liquid and efficient.”
The surging volume due to Monday’s sell-off came in part from newcomers to the market, according to Schei.
“Some of this volume is definitely from new and unexperienced investors entering the market for the first time and panicking when the price starts falling,” he said. “These corrections are necessary and healthy, even in a bull market.”
At the same time, the number of active bitcoin addresses has also broke its previous record on Jan. 8, according to data from Glassnode. “At its highest point last week, over 1.3 million bitcoin addresses were active in a single day,” the on-chain data analytics firm wrote in its weekly market report on Jan. 11. “This continued spike indicates an impressive level of new adoption and activity for bitcoin, and suggests that the number of market participants in the network may be higher than ever before.”
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 64% | 76 | $61 056.35 | -2.51% | -0.46% | $1 150 999 990 859 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 69.6% | 57 | $4 009.46 | -2.36% | 4.61% | $473 265 084 978 |  |
|
| 3 |  BNB |
Binance Coin predictions | 70.8% | 60 | $479.92 | 0.88% | 1.61% | $80 051 754 192 |  |
|
| 4 |  ADA |
Cardano predictions | 91.6% | 12 | $2.15 | -0.21% | -2.98% | $70 885 007 936 |  |
|
| 5 |  USDT |
Tether predictions | 93.2% | 1 | $1.000508 | 0.02% | 0.14% | $69 609 442 841 |  |
|
| 6 |  SOL |
Solana predictions | 70.4% | 55 | $196.64 | -2.45% | 24.12% | $59 155 416 829 |  |
|
| 7 |  XRP |
XRP predictions | 72% | 51 | $1.090791 | -0.88% | -4.02% | $51 208 670 805 |  |
|
| 8 |  DOT |
Polkadot predictions | 63.2% | 79 | $44.15 | 1.47% | 0.67% | $43 605 026 730 |  |
|
| 9 |  USDC |
USD Coin predictions | 91.2% | 1 | $1.000749 | 0.06% | 0.15% | $32 424 259 453 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 74% | 56 | $0.244474 | -0.06% | 2.77% | $32 221 792 271 |  |
|
| 11 |  LUNA |
Terra predictions | 70% | 65 | $43.34 | 4.27% | 17.21% | $17 406 378 575 |  |
|
| 12 |  UNI |
UniSwap predictions | 74.4% | 47 | $25.67 | -2.97% | -0.53% | $15 701 933 926 |  |
|
| 13 |  AVAX |
Avalanche predictions | 68.8% | 65 | $66.95 | 5.30% | 19.42% | $14 748 224 656 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 66% | 75 | $61 042.43 | -2.67% | -0.50% | $13 496 055 788 |  |
|
| 15 |  LTC |
Litecoin predictions | 72.8% | 57 | $193.17 | -2.73% | 1.45% | $13 291 715 544 |  |
