The highest volumes today go to: Litecoin, Ethereum, Bitcoin Cash.
A short overview of the current market situation: The leading indices are dropping — Bitcoin trades at $27,167 after losing 1.64%.
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 $102.04 2 months ago, LTC is trading 20.57% lower. While Litecoin is on a 4 day uptrend
ETH has been losing ground for 7 days, shedding a total of 9.48% of its value. More of the same today: Ethereum drops from $1,842 to $1,806.66, losing $35.34 (1.93%) today.
Over the past 11 months, BCH has retreated 46.04% from a noteworthy peak of $214.54. While on a 3 day downtrend, dropping a total of 7.28%,
— Average trading volume refers to a 21-day rolling average.