Bitcoin Breaks $80,000 as Major-Asset Spot Trading Volume Surges

The price of BTC broke above $80,000 on August 25th, causing a surge in trading activity across multiple major assets.

MEXC, a cryptocurrency exchange, reported that the average daily spot trading volume of BTC, ETH, SOL, and XRP increased by approximately 299% from August 1 to 17 to August 20 to 22. The combined average daily trading volume of ETH, SOL, and XRP exceeded that of BTC over the same period.

The shift in trading composition had already emerged on August 19th, with the combined trading share of ETH, SOL, and XRP rising from 30.5% to 46.7%, an increase of 16.2 percentage points.

As market sentiment strengthens, trading demand can rotate quickly across major assets, making trading costs and execution efficiency increasingly important for users seeking to respond to market movements.