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March 02, 2023
The highest volumes today go to: EOS, Bitcoin Cash, Ethereum.
What is happening with the market now? The leading indices are falling — Bitcoin drawing back 1.04% to $23,400.
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.
Having set a significant high of $3 11 months ago, EOS is trading 59.45% lower. Maintaining its 6 days rise (+$0.097),
BCH has fallen back around 65.17% over the past 11 months, from a notable high of $385.82. Registering some good gains for about 2 months now. BCH has a market cap of 2.53 billion with an average daily volume of 212 million.
Ethereum has managed to gain 37.14% so far this year despite trading at lows around $993.77 previously. Trending positively for about 2 months. Ether is currently trading with a market cap of 199.74 billion with an average daily volume of 7.19 billion.
— Average trading volume refers to a 21-day rolling average.
