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May 06, 2023
Traders are flocking around Ethereum & Litecoin and others; check out these cryptocurrency that are displaying higher than typical trading volumes.
What is happening with the market now? The leading indices are currently lower — Bitcoin trades at $28,950 after losing 2%.
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.
Ethereum crashes after losing $101.2, breaking down to $1,896.47.
Litecoin has fallen back around 12.94% over the past 2 months, from a notable high of $102.04. While on an 8 day slump, falling a total of 8.24%,
— Average trading volume refers to a 21-day rolling average.
