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July 02, 2023
The highest volumes today go to: Bitcoin Cash, Litecoin, UNICORN Token USD.
A quick recap: Markets are currently flat. Bitcoin holds at $30,600.
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 flat today, some cryptocurrency are at high volumes. Check them out.
While Bitcoin Cash in the midst of a 3 day downtrend, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After ending the previous trading day at $291.53, Bitcoin Cash went up to $304.37 only to drop back; still positive overall today, now trading at $294.79.
Litecoin is on a 5 day bullish run gaining $24.36 (35.05%). As the session continues, it seems to maintain one direction — Litecoin trades at $112.1 after gaining $4.74 (4.41%).
Uniswap hit a significant low of $0 around 4 months ago, but has since recovered 2,326,700%. Trending positively for about 4 months. During a 5 day uptrend, Uniswap gained a total of $0.755, or 14.24%.
— Average trading volume refers to a 21-day rolling average.
