Cryptocurrencies
‘Boring’ Bitcoin Sends Weekend Trading Volume to All-Time Lows
- Weekend trading drops to 16% of total volume, Kaiko says
- ETFs, dwindling volatility lessen appeal, researcher says
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The proportion of Bitcoin traded over weekends has declined to an all-time low of 16% this year, according to cryptocurrency research firm Kaiko.
The drop comes in the wake of the launch of spot Bitcoin exchange-traded-funds, which appears to have shifted the periods when Bitcoin is traded to be more in line with the schedule of traditional equity exchanges and has lowered its price volatility.