As cryptocurrencies become more widely accepted in the mainstream, trading volumes are witnessing a steady increase under the influence of significant geopolitical changes. Recently, this growth has been experienced most notably by Bitcoin (BTC), with an average daily trading volume surpassing Apple (NASDAQ: AAPL) by nearly 60%.
According to data obtained by Finbold, the average daily trading volume in the one month period up to March 9, 2022 was $15.6 billion. These calculations are based on the average daily/per session trading volume of Apple shares, reaching 94 million, according to YCharts data, and the average price of AAPL of $166.07 over the observed 30-day period.
If we compare the data, the average daily trading volume of Bitcoin in the 30-day period was $24.73 billion. To be more precise, this means that Bitcoin’s average daily trading volume is exactly 58.42% higher than Apple’s. In addition to the daily trading volume that has outstripped Apple, Bitcoin has also experienced a price spike recently. As previously reported by Finbold, its price surpassed $42,000 on March 9. Still, some pullback took place after this level.
According to CoinMarketCap data, at the time of writing, Bitcoin was trading at $39,200.
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