| 
April 24, 2023
The highest volumes today go to: Binance Coin and Ripple.
What is happening with the market now? The leading indices are falling — Bitcoin trades at $27,358 after losing 0.79%.
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.
Binance Coin has gained 33.72% since its lowest print of $196.72 earlier this year. Registering some good gains for about a month now. BNB is currently trading with a market cap of 51.68 billion with an average daily volume of 698.15 million.
Ripple has managed to gain 35.78% so far this year despite trading at lows around $0.307 previously. While XRP is on a 4 day uptrend
— Average trading volume refers to a 21-day rolling average.
