It seems that the crypto market is looking forward to it again. After the nice rise in the bitcoin (BTC) price over the past few weeks, the sentiment has finally turned positive again. That also means that investors and traders are back. In any case, the trading volume on Bitvavo shot through the roof.
New customers are even getting at Bitvavo now 10 euros for free crypto of your choice!
Bitcoin price pulls the market out of the pit
A commonly used measure of sentiment in the crypto market is the so-called fear & greed index. After the bitcoin rate broke above $28,000 for the first time since June of 2022, this index rose to the highest point since the last all time high.
That, of course, speaks volumes. Crypto investors seem cautiously hopeful that the bear market has come to an end and that the future for bitcoin investors looks bright.
Of course, this does not only apply to bitcoin. Most other cryptocurrencies, like of course ethereum (ETH), also benefited from the renewed confidence in the crypto market. Al remained a real serious one rally mainly limited to bitcoin. All eyes have so far been on the king of cryptocurrencies.
Trading volume is soaring
That crypto investors are looking forward to it again is also clearly visible in the trading volume on Dutch crypto exchange Bitvavo. In recent times, BTC trading volume on Bitvavo has increased by an astronomical 786%! An undeniable confirmation of the renewed interest in bitcoin and crypto.
Not only the bitcoin trading volume saw a significant increase Bitvavo. For example, the ethereum trading volume also increased by 180% during the same period. solana (SOL) and fantom (FTM) also both saw trading volume on the Dutch trading platform grow by more than 200%.
New crypto investors can benefit from this reborn sentiment at Bitvavo. If you have one now create an account at Bitvavo you get 10 euros worth of crypto of your choice completely free!