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March 16, 2023The highest volumes today go to: Binance Coin, Bitcoin, Ethereum.
A quick recap: Markets are up as
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.
Binance Coin has gained 26.78% since its lowest print of $196.72 earlier this year. BNB has a market cap of 51.54 billion with an average daily volume of 437.45 million.
5 days and $4,174.81 of gains were not enough. Consistent for now — after closing the previous trading day at $24,400, Bitcoin is up to $24,900, which makes for a move of 2%/$500 today.
This year has been a bright one for Ether after trading as low as $993.77 and going on to appreciate by 39.37% year to date. Ethereum is currently trading with a market cap of 202.99 billion with an average daily volume of 8 billion.
— Average trading volume refers to a 21-day rolling average.
