Bitcoin has seen a massive surge of new money pouring in after breaking out of its sideways chops of 8 months, hastily approaching the $100,000 mark. With the future of cryptocurrency looking bright due to regulatory clarity after Donald Trump’s victory, the bull market rages on towards a possible altcoin season. In these past few weeks, how have exchanges performed?

Since November 5 2024, the entire cryptocurrency market surged to a total market cap of $3.4 trillion, marking a new all-time high. Before November 5, Bitcoin was at a price of $72,000 with the total crypto market cap at $2.5 trillion. This spike in price is heavily attributed to both institutions and retail participants taking interest in investing in cryptocurrency, where trading volume has been reaching an all-time high as well in exchanges.

Bitget, a leading cryptocurrency exchange and Web3 company, just recently announced hitting all-time-high trading volumes, open interest and daily active Users. The recent market surge has increased activity on the platform, making it surpass other major competitors by ranking #3 globally for Futures trading on Coingecko.

On November 13th, the entire derivatives trading volume surpassed $1.5 trillion, an increase of 1.7% from the day before. Handling large volumes of activity and trades is a key factor to look out for when finding a stable exchange. Exchanges such as Bitget that handle large volumes have been the choice for retail users.

In the coming weeks, we can expect significant strength for exchange related coins such as Bitget’s $BGB which has just broken its previous all-time high. This is dependent on both the exchange's ability to perform well and the sentiment of the cryptocurrency market.

Whether or not retail participants have arrived at cryptocurrency, it is important to do adequate and proper research before investing into volatile assets like cryptocurrency. As Bitcoin has almost multiplied its value by 7 times since its bottom, it is safe to assume that there is significant risk when purchasing at such high prices.