The price of Bitcoin reached $43,152 on Monday, increasing by 2% in the last seven days. Despite the rise in value, network activity remains low.
The volatility of BTC has stayed at its lowest level since December 2023. The total amount of Bitcoin transactions in January was $1.21 trillion.
Trading volume has been consistently increasing since the beginning of autumn 2023. In September, it was $556.49 billion, but it reached $1 trillion in December.
In February, traders conducted BTC transactions worth $133.11 billion. This was the highest level since September 2022.
The launch of spot crypto ETFs in the US market was highly anticipated by institutional investors.
However, their appearance did not stimulate trading activity; instead, most market participants refrained from investing in digital currencies, causing a decline in its value.
