Bitcoin Hits Record High Amid Low Trading Activity

Bitcoin’s price reached an all-time high of $108,353 in December 2024, but its trading volume remains relatively subdued on major exchanges. While the cryptocurrency surged past its previous peak, current Centralized Exchange (CEX) trading volume has fallen short compared to the 2021 bull market peak. Data from The Block reveals that CEX trading volumes peaked at $2.9 trillion in December, while Bitcoin’s price reached its new all-time high of $108,353. This signals a shift towards decentralized markets despite record prices.