Bitcoin exceeds $80,000 as major asset trading volume surges

MEXC reports a significant surge in spot trading activity following Bitcoin breaking the $80,000 threshold. Between August 20 and 22, the average daily trading volume for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP increased by approximately 299% compared to the average recorded from August 1 to 17.

Data indicates a shift in market composition where trading interest spread across multiple major assets. During the period of August 20 to 22, the combined average daily trading volume of ETH, SOL, and XRP exceeded that of BTC. This trend of diversification began as early as August 19, when the combined trading share of those three assets rose to 46.7%.

When Bitcoin topped $80,000 on August 25, BTC spot trading volume rose by roughly 164%, while ETH volume increased by 220%, and both SOL and XRP saw increases of approximately 500%. By August 27, ETH and SOL reached near six-month highs, with SOL trading volume rising by 109.7% in a single day.