Only 13% of Bitcoin Transactions in 2024 Were Executed Over the Weekend: Kaiko

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. According to Kio data, the share of Bitcoin traded on weekends has declined significantly over the past six years. The decline suggests worsening liquidity conditions during the weekends and could be explained by both increased institutional participation and worsening market infrastructure. So far in 2024 just 13% of all Bitcoin transactions between January 1st and February 20th were executed over the weekend. Although weekend trading declined on offshore and us exchanges. The data analytics firm notes that weekend trade volume has historically been higher on offshore markets, suggesting increased retail participation. That's it for today's chart of the day. I'm Jensen Asi. We'll see you next time to unpack more of the data behind top news stories.