High intensity trading. Since November 6 of last year and the confirmation of the election by Donald Trump as 47E the president of the united statesmarket bitcoin (BTC) and cryptoassets are on a bullish euphoria. And this is felt on cryptocurrency exchange platforms. That is, the exchange Battle saw an explosion in its trading volumes. They even went beyond symbolism 1 billion euros in 24 hours.
- The election of Donald Trump sparked bullish euphoria in the crypto-asset market, with Bitcoin briefly surpassing $90,000.
- The Bitvavo platform has hit an all-time record of €1 billion in transaction volume in 24 hours, illustrating the massive craze for cryptocurrencies.
Bitcoin at $90,000, Crypto Market at $3 Trillion: Trump’s Election Boosts the Sector
During his election campaign, Donald Trump multiplied ultra favorable statement for bitcoin and cryptocurrencies. News about his victory and his return to the White House triggered a strong upward movement in the digital asset market.
So this year, November 12, 2024 Bitcoin price even briefly exceeded 90,000 dollars. And the rest of the cryptoassets followed suit as the overall market valuation of this new asset class once again exceeded 3 trillion dollars. Something that hasn’t happened since November 2021 and Bitcoin’s previous bull run.
It must be said that between his vice president JD Vancebillionaire Elon Muskand a former Democrat Robert F. Kennedy Jr.Donald Trump has surrounded himselfstrongly pro-crypto team. THE trading volumes cryptocurrencies have literally begun explode from November 6.
Bitvavo reports business volumes exceeding 1 billion euros
Among the crypto exchanges benefiting from this bullish euphoria in the crypto market, Battle featured prominently. In fact, while Bitcoin has hit new highs historical highs (ATH) also defeated Bitvavo on November 12 this year business records.
According to a publication from the exchange teams, Bitvavo achieved a transaction volume 1 billion euros in just 24 hours. In passing, let’s recall that this crypto exchange, founded in 2018, has recorded near From Nederlandsche Bank (DNB) in the Netherlands and the Financial Markets Authority (AMF) in France.
“We are working to become the leading cryptocurrency exchange platform in Europe. (…) Exceeding 1 billion euros in transaction volume demonstrates the solidity of our platform and the growing interest in cryptocurrencies. We remain committed to developing our platform and improving our services to better meet the needs of our users. »
Mark Nuvelstijn, CEO of Bitvavo
And this high intensity of cryptocurrency trading does not seem he is not ready to fall again. In fact, more and more experts and analysts see not only a bitcoin achieve and overcome 100,000 dollarsbut we would too at the beginning of the upward movement of this new bull run. Crypto-stock markets will be put to the test enthusiasm traders and investors.