Bitcoin's sharp rally over the past week has revived activity in India's cryptocurrency market, with major exchanges reporting higher spot and futures trading volumes. Bitcoin BTC was trading around $79,000 at the time of writing. Bitcoin rally boosts trading activity According to a Moneycontrol report, CoinDCX, CoinSwitch, WazirX, Mudrex and Giottus all reported increased trading activity as the cryptocurrency rally attracted traders. CoinDCX saw its trading volume more than double between August 19 and August 21. Its spot trading volume rose from around 5 million-6 million to approximately $13 million during the final two days of that period. On August 23, its average trading volume stood at about 11.7 million USDT. Bitcoin trading volumes on CoinDCX also increased significantly.