Crypto speculation at its peak: $ 379 billion – A new record broken for exchanges!

Compulsive crypto-trading ? – The year 2021 begins with the best omen for the cryptosphere, a real season of broken records. After Bitcoin’s new all-time high against the dollar, then its capitalization record even exceeding Visa , the entire crypto market is on fire.

The speculative madness of late 2017, of ancient history?

The cryptocurrency industry has been in full swing since the price of bitcoin (BTC) literally exploded from its old high of $ 20,000. Eh yes ! The trading volumes crypto have never been as high as today.

According to crypto-media The Block , the top 20 exchanges saw no less than $ 379 billion in crypto-assets changed hands in the month of December 2020 alone.

The previous record , with 307 billion dollars in trading volumes, was thus largely exceeded . It had been reached twice, in December 2017 and January 2018, at the peak of the euphoria of the last bull market.

Trading volumes (in billions of dollars) of the main crypto exchanges

Crypto exchanges remain dominated by the Binance platform , which alone accounts for nearly 58% of the market share (or around $ 220 billion in December).

Another interesting fact that this graph tells us: January 2021 looks very promising . In fact, in just 5 days , trade volumes have already risen to 108.8 billion dollars .

Will this first month of the year already see a new record replacing the one that has just been achieved? Be careful not to get too attached to the records in the cryptosphere in 2021, because they may risk falling off the chain, domino style!