Bitcoin will account for 97% of all cryptocurrency transactions in 2021.

Bitcoin trading volume grew from an average of $2 billion in 2020 to $12 billion in 2020 as Bitcoin and Ethereum peaked earlier this year. To date, Bitcoin access will account for 97% of all cryptocurrency access in 2021.

As the world's largest cryptocurrency by market cap, Bitcoin remains the most popular digital currency by traders, according to a new report.

According to a Jan. 25 announcement from digital investment firm CoinShares, access to Bitcoin will so far account for 97% of all cryptocurrency transactions in 2021.

Bitcoin accounts for 83% of digital asset investments in management, while BTC investments only represent 6.5% of total Bitcoin transaction volume.This year, the daily market for BTC volume transactions has grown from an average of $2.2 billion in 2020 to $12.3 billion in January of this year from the big crypto bull market.

CoinShares noted that entry into crypto products hit a record high of $1.3 billion last week after a short stretch. “We believe investors will appreciate this year a lot as the rapid pace of Bitcoin prices has reached new highs,” the company added.

Ether, the market's second-largest cryptocurrency by market cap, received an inflow of $34 million last week, according to data from CoinShares.“There have been few inflows since December,” the statement noted, with investors cautious.

Bitcoin and Ethereum both broke all-time highs in 2021.Bitcoin hit an all-time high of $42,000 on Jan. 8, following Ether's $1,430 ATH on Jan. 19. The price of both cryptocurrencies changed rapidly. On January 21, Bitcoin fell below $30,000 and Ether fell around $1,000.

According to data from CoinShares, the recent price drop is part of a recent statement by US Treasury Secretary Janet Yellen. On January 19, Yellen raised concerns about cryptocurrencies, saying they were often used to raise money illegally. However, he noted that cryptocurrencies have the potential to improve the financial system.