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I don't know if there is any correlation.

CN
Phyrex
Follow
2 months ago
AI summarizes in 5 seconds.

I'm not sure if there's a correlation, but it is indeed the case that the US stock market has declined for two consecutive days, while $BTC has risen, and notably, Bitcoin has surged in volume. Especially, Coinbase has also seen increased trading volume for two consecutive days, and even the data from US ETF institutions is very positive. Are Americans starting to buy Bitcoin again?

Binance's trading volume hasn't seen a significant increase, only Coinbase's has, and yesterday its volume reached about 80% of Binance's. The sudden surge in American investors' trading volume might be related to the recent discussions about cryptocurrency legislation over the past two days.

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