Spot trading volumes at major Indian crypto exchanges rose more than 20% as Bitcoin climbed toward $80,000 last week, according to a Moneycontrol report published August 24. Futures (contracts tracking an asset’s price) increased faster than spot volumes at exchanges that disclosed both figures. CoinDCX co-founder and CEO Sumit Gupta said the platform’s spot volume rose from about $5 million-$6 million to approximately $13 million over the final two days of the rally week, while average trading volume on August 23 was about 11.7 million USDT. Bitcoin trading volume on CoinDCX rose from roughly $300,000-$700,000 earlier in the period to $2 million on August 21. Mudrex reported a 20% week-on-week increase in spot volume, while Giottus recorded gains of 22% in spot and 31% in futures. WazirX said daily futures volume increased almost sevenfold between August 16 and August 22 and surpassed spot trading. Exchanges said users were buying rather than liquidating, as U.S. policy discussions improved sentiment. The move followed a U.S. Treasury announcement on August 19 that it would increase liquidity-support buyback operations for longer-dated securities, alongside President Donald Trump’s call for Congress to pass the Digital Asset Market CLARITY Act. U.S. spot Bitcoin ETFs received around $1.6 billion in net inflows over four days after Bitcoin broke out of its range, while more than $4 billion in short positions were liquidated. Activity also spread to Ethereum, XRP, Doge, Shiba Inu, Solana, HYPE, gold (XAUt), and silver. Exchanges cautioned that it was too early to determine whether the rally was sustainable, with Mudrex warning that a pullback toward $65,000 was possible if leverage or a single headline was driving activity.