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May 02, 2023
The highest volumes today go to: Binance Coin and TRON.
Here's the most recent update: Markets are currently flat. Bitcoin trades sideways at $28,025.
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.
Binance Coin has gained 34.09% since its lowest print of $196.72 earlier this year. Trending positively for about a month. While Binance Coin is on a 3 day bullish trend,
TRON hit a significant low of $0.05 around 5 months ago, but has since recovered 36.96%. Trading mostly sideways for a month. It's been more of the same this session on the back of a month of flat trade,
— Average trading volume refers to a 21-day rolling average.
