In 2024, Bitcoin weekend trading volumes hit a record low of 16%, as reported by Kaiko. This significant decline is influenced by the introduction of Bitcoin spot ETFs and the 2023 closure of three key US banks.
Weekend trading activity has been steadily falling from its peak of 28% in 2019. The closure of SVB, Signature Bank, and Silvergate Bank has constrained crypto companies, impacting their access to financial systems. Additionally, the approval of Bitcoin spot ETFs has shifted trading patterns, increasing activity during market opening and closing hours.
Despite reduced weekend volumes, Bitcoin spot ETFs have brought more stability and liquidity to the market. However, figures like Robert Kiyosaki have criticized ETFs, calling them “fakes.”
The decline in weekend trading and shifting patterns highlight the evolving dynamics in the crypto market. As the landscape adapts to these changes, ongoing analysis will be crucial for stakeholders navigating this complex environment.
