Trading volumes on cryptocurrency exchanges have doubled in the past five days as the price of Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) soared. 

Trading volumes in cryptocurrencies reached $37 billion over the last week, doubling in short order as the price of BTC rose 24% and ETH’s price gained 34% amid a sudden breakout. 

However, the current trading volumes remain much lower than the 12-month peak of $105 billion U.S. set last October when Bitcoin was at a record high of just over $126,000 U.S.

More From Cryptoprowl:

Leading cryptocurrency exchanges include Coinbase Global (NASDAQ: $COIN), Robinhood Markets…