The increase of the price of Bitcoin to the maximum values since the summer of 2022 has been observed against the background of the activation of traders in the spot market.
According to a report from Arcane Research, the average daily amount of transactions with the largest digital currency has reached its highest level in 2023. The experts of the company have analyzed the turnover on the top ten spot exchanges and came to the conclusion that there was high activity on almost all trading floors last week.
For seven days, the average daily amount of BTC transactions exceeded $13 billion. The researchers have emphasized that a similar situation was in February last year.
Higher activity of investors on spot exchanges was observed only in November against the backdrop of the collapse of FTX and its associated subsidiaries.
Most crypto transactions are still processed by Binance, the largest exchange by trading volume.