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June 20, 2023The following cryptocurrency (Bitcoin & EOS) are reaching higher-than-usual volumes.
What is happening with the market now? The leading indices are showing gains —
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.
While trading was mostly up today, some cryptocurrency have high volumes. Take a look.
This year has been a bright one for Bitcoin after trading as low as $15,759 and going on to appreciate by 61.3% year to date. Trending downwards for around 2 months. The sentiment that generated $1,691 in cumulative gains over the past 7 days was further evident for Bitcoin.
EOS is now trading 46% below its 3-month high of $1.84. On a negative trend for around 2 months. While in the midst of a 12 day downtrend,
— Average trading volume refers to a 21-day rolling average.
