First of all, let’s understand volume. Volume refers to the number of participants in the Market Right now. Alternatively, volume is an indicator of a Specific coin that shows transactions within a specific time frame, such as 24 hours.
Bitcoin Trading Volume
Bitcoin is a decentralized digital currency with a 24-hour trading volume typically ranging from $30 billion to $60 billion. It is traded across various markets, including spot, futures, options, and perpetual contracts. Bitcoin trading volume may rise as a result of ETF approvals, significant news events, or generally bullish market conditions.
Gold Trading Volume
Gold is much older than Bitcoin. Here is why the 24-hour trading volume of gold is much higher than that of Bitcoin: approximately $150 billion to $300 billion+. It also traded across various markets, including ETFs, spot, OTC, and central banks. The main key point is that gold has higher trading volume because it has participation of banks, the government, and investors. Gold can rise due to the Central Bank, currency instability, etc.
