The highest volumes today go to: Binance Coin & Litecoin.
What is happening with the market now? Crypto markets are up — Bitcoin up to $17,868, gaining 3.76%.
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.
While trading was mostly up today, some cryptocurrencies have high volumes. Take a look.
BNB cryptocurrency trades up $1.44, approximately 0.52% higher this afternoon Binance Coin improves to $278.25 after a 17 day downtrend
While in the midst of a 17 day downtrend, today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Overall, Binance Coin had a 0.52% move or $1.44 today and is currently trading at $278.25.
BNB has shed $288.33 points and is languishing 51.02% lower over the past year, leaving its yearly highs around $564.32 in the rear-view mirror. Binance Coin is currently trading with a market cap of 44.51 billion with an average daily volume of 126.74 million.
LTC cryptocurrency trades up $2.73, approximately 3.58% higher this afternoon
LTC posts light gains on a low-volatility day, ranging between $74.85 – $79.49 and is now at $79.05.
11 months ago LTC reached a significant high of $165.75 but has consequently lost 53.95% since then. LTC has a market cap of 5.68 billion with an average daily volume of 112.20 million.
— Average trading volume refers to a 21-day rolling average.