Total notional volume from last Monday through Friday came in at $2.1 billion, 5% higher than a week earlier.

Breaking it down per coin, bitcoin volume came in at $1 billion, 5% lower than the previous week. Ether volume came in at $718 million, 50% higher than the week earlier.

Total notional volume over the past 30 days comes in at $9.7 billion.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $8,601 and average position size for ether at $4,023.

Market volatility has picked back up in recent weeks. We’re looking at average daily ranges in bitcoin and ether of $2,344 and $144 respectively.

We’ve seen a nice resurgence in demand for crypto assets, led by an impressive push higher in the price of bitcoin.

The leading crypto asset is now back within a stone’s throw of taking out the latest record high established back in March of this year.

As per our technical insights, a push to a fresh record high in the price of bitcoin will open the next measured move extension target all the way up around $95,000.

We’ve also talked about our expectation for ETH to follow the leader, which has set the stage for ETH to push to its own record high over the coming days and weeks.

As far as the positive catalysts go, we believe the latest wave of demand comes from headlines out of the Bitcoin Conference, and investor expectations with respect to Fed policy.

As expected, Donald Trump offered up his strong support for bitcoin and crypto assets in his appearance at the bitcoin conference.

Trump pledged to make the United States the “crypto capital of the planet and the Bitcoin superpower” if re-elected as President. Trump also added he would use government seized crypto as a basis for a strategic stockpile.

The move has forced the hand of Kamala Harris and the Democrats, who now appear to be making a push towards their own crypto friendly policies.

Meanwhile, there is a growing expectation from investors that the upcoming Fed meeting will lay the groundwork for a more investor friendly rate cutting plan.

This has translated to yield differentials moving out of the US Dollar’s favor, which in turn has been a benefit to crypto assets.