The highest volumes today go to: Binance Coin & Litecoin.
A quick recap: Cryptocurrency markets are down — Bitcoin drawing back 1.17% to $16,966.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Though trading was down today, some cryptocurrencies are currently at high volumes. Here is an update.
Binance Coin ended the previous session at $301.45; currently trading at $291.66 BNB down to $291.66 today, continues bearish run
While on a 6 day downtrend, dropping a total of 6.28%, similar trend today: BNB is grinding lower from $301.45 to $291.66, shedding $9.79 (3.25%) today.
BNB has shed $350.37 points and is languishing 53.75% lower over the past year, leaving its yearly highs around $648.25 in the rear-view mirror. BNB is currently trading with a market cap of 46.66 billion with an average daily volume of 139.68 million.
LTC sheds $1.61 to trade around $77.64 Running out of gas? LTC down to $77.64 (-2.04%)
During a 4 day uptrend, Litecoin gained a total of $5.34, or 5.04%. bucking the trend and turning lower, Litecoin slides down from $79.25 to $77.64 today, losing $1.61 (2.04%).
Litecoin is trading 63.81% lower compared to the $216.74 high it reached over the past year. Litecoin has a market cap of 5.57 billion with an average daily volume of 110 million.
— Average trading volume refers to a 21-day rolling average.