Bitcoin rally boosts India trading volumes as BTC nears $80K

invezz.com (Swedish)

Bitcoin's rally to near $79,000 has revived India's crypto market, with major exchanges reporting increased spot and futures trading volumes. CoinDCX's spot volume more than doubled between August 19-21, rising from roughly $5-6 million to about $13 million, while its Bitcoin volume reached $2 million on August 21. WazirX saw daily futures volumes increase nearly sevenfold between August 16-22. The rally began August 19 after US Treasury Secretary Scott Bessent announced increased buyback limits, which markets interpreted as a liquidity signal. US spot Bitcoin ETFs recorded about $1.92 billion in net inflows, while over $4 billion in short positions were liquidated.


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Bitcoin rally boosts India trading volumes as BTC nears $80K | News Minimalist