The highest volumes today go to: Chainlink USD, Binance Coin, Ripple.
Here's the most recent update: The leading indices are slipping — Bitcoin drawing back 0.67% to $29,275.
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 cryptocurrency are currently at high volumes. Here is an update.
Over the past a year, Chainlink has retreated 43.36% from a noteworthy peak of $12.66. Trading mostly sideways for a month. Chainlink has a market cap of 3.67 billion with an average daily volume of 296.83 million.
BNB has gained 37.74% since its lowest print of $196.72 earlier this year. Registering some good gains for about a month now. BNB has been losing ground for 3 days, shedding a total of 5.05% of its value.
Having gone up $0.017 over the past 8 days, This session seems to remain in the same lane for now — after closing at $0.467 today, Ripple began today at $0.467 with significant bullish sentiment driving Ripple's price action higher. So far today, price action has drawn out a distinct $0.465 to $0.481 range.
— Average trading volume refers to a 21-day rolling average.