{"id":24038,"date":"2024-07-01T16:00:05","date_gmt":"2024-07-01T13:00:05","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24038"},"modified":"2024-07-01T11:32:43","modified_gmt":"2024-07-01T08:32:43","slug":"bitcoins-weekend-trading-volume-hits-historic-low-in-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoins-weekend-trading-volume-hits-historic-low-in-2024\/","title":{"rendered":"Bitcoin&#8217;s Weekend Trading Volume Hits Historic Low in 2024"},"content":{"rendered":"<p>One of the key traits ascribed to <strong>Bitcoin<\/strong>, namely the trading activity over the weekend, has been neutralized this year as the amount of trading over the weekend in 2024 is the lowest on record.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoins-weekend-trading-volume-hits-historic-low-in-2024\/#Factors_Behind_Reduced_Weekend_Trading\" title=\"Factors Behind Reduced Weekend Trading\">Factors Behind Reduced Weekend Trading<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoins-weekend-trading-volume-hits-historic-low-in-2024\/#Impact_of_Bank_Closures_and_Market_Dynamics\" title=\"Impact of Bank Closures and Market Dynamics\">Impact of Bank Closures and Market Dynamics<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Factors_Behind_Reduced_Weekend_Trading\"><\/span>Factors Behind Reduced Weekend Trading<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Kaiko<\/strong>, a cryptocurrency analytics business, produced a research showing that, for 2024, weekend <strong>BTC<\/strong> trading accounted at 16%; in 2019, on the other hand, it was 28%. The introduction of spot <strong>Bitcoin ETFs<\/strong> is among the factors causing this drop. ETF trading is limited to stock market hours throughout the week whereas crypto marketplaces run 24\/7 worldwide. Since these products were released in Q4 2023, Kaiko analysts saw an upsurge in Bitcoin trading during the final hour of market trading, also known as the benchmark fixing window.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/will-bitcoin-bounce-back-in-july\/\"><em><span style=\"font-weight: 400;\">This Might Interest You: <\/span>Will Bitcoin Bounce Back in July? Analysts Share Optimistic Forecasts<\/em><\/a><\/p>\n<p>&#8220;<em>To reflect the benchmark price as closely as possible, the buying and selling of <strong>Bitcoin<\/strong> for creations and redemptions must happen during the fixing window [between 3 and 4 pm New York time]<\/em>&#8221; the paper says. Though just on weekdays, this has made the fixing window the second most used period for Bitcoin trading. Nevertheless, starting from 2021, weekend trade has been gradually decreasing and the present level is the minimum in its history. Certainly, the trading that takes place in the benchmark period within the weekdays constitutes 6,6% of overall trading, whereas the same trading during the weekends reaches only 4,1%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Impact_of_Bank_Closures_and_Market_Dynamics\"><\/span>Impact of Bank Closures and Market Dynamics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Additionally responsible for the declining weekend trading activity is the closing of additional crypto-friendly institutions such <strong>Silicon Valley Bank and Signature<\/strong> in March 2023. These banks have 24\/7 networks that allowed for notable demands for cryptocurrency in purchases and sales. Market creators have become less likely to provide liquidity in a low-volume situation since their closures. A Bloomberg analysis claims that this has greatly affected weekend trade activity.<\/p>\n<p>Bitcoin&#8217;s price has stayed the same in the near term as investors attentively track inflation figures in expectation of a Federal Reserve interest rate reduction.<\/p>\n<p><em><a href=\"https:\/\/t.me\/coinengineernews\"><span style=\"font-weight: 400;\">Click here to get the latest news from Coin Engineer!<\/span><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the key traits ascribed to Bitcoin, namely the trading activity over the weekend, has been neutralized this year as the amount of trading over the weekend in 2024 is the lowest on record. Factors Behind Reduced Weekend Trading Kaiko, a cryptocurrency analytics business, produced a research showing that, for 2024, weekend BTC trading<\/p>\n","protected":false},"author":6,"featured_media":22294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[61,7109,7110],"class_list":["post-24038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-bitcoin","tag-bitcoins-weekend-trading-volume","tag-weekend-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin&#039;s Weekend Trading Volume Hits Historic Low in 2024 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoins-weekend-trading-volume-hits-historic-low-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin&#039;s Weekend Trading Volume Hits Historic Low in 2024 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"One of the key traits ascribed to Bitcoin, namely the trading activity over the weekend, has been neutralized this year as the amount of trading over the weekend in 2024 is the lowest on record. 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