| 
June 05, 2023Traders are flocking around Ripple & 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 slipping — Bitcoin drawing back 2.41% to $26,448.
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.
Ripple drops from $0.536 to $0.519, losing $0.016 (3.04%) today.
In the last 3 days, Litecoin has lost a total of 6.17% of its value. More of the same today: LTC is grinding lower from $94.11 to $90.11, shedding $4 (4.25%) today.
— Average trading volume refers to a 21-day rolling average.
