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Trading Signals

Markets edging higher with these 2 cryptocurrencies exhibiting stellar volumes

11 April 2023

BNBUSDETHUSD

The following cryptocurrency (Binance Coin and Ethereum) are reaching higher-than-usual volumes.

What is happening with the market now? Markets are up as Bitcoin goes up 1.54%, trading at $30,100.

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 cryptocurrency have high volumes. Take a look.

Binance Coin is up to $321.9 (1.06%), adding to its four consecutive days of gains. This year has been a bright one for BNB after trading as low as $196.72 and going on to appreciate by 27.81% year to date. Trending positively for about a month. Binance Coin has a market cap of 50.82 billion with an average daily volume of 552.61 million.

ETH has managed to gain 55.92% so far this year despite trading at lows around $993.77 previously. On an upward trend for about a month now. Ether is currently trading with a market cap of 231.94 billion with an average daily volume of 8.65 billion.

— Average trading volume refers to a 21-day rolling average.

Market Summary

Latest Crypto News

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US markets end yesterday lower alongside bearish sentiment in European indices

Ether cryptocurrency trades up $15.34, approximately 0.8% higher going into tomorrow

Bitcoin Cash down $3.19 reaching $113, for its 4th straight negative day

XRP is down 0.31%, trading at $0.458

LTC cryptocurrency trades up $0.62, approximately 0.74% higher going into tomorrow

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