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April 11, 2023
The highest volumes today go to: Binance Coin & Ethereum.
A short overview of the current market situation: The leading indices are showing gains — Bitcoin goes up 1.76%, trading at $30,173.
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 BNB after trading as low as $196.72 and going on to appreciate by 27.81% year to date. On an upward trend for about a month now. Binance Coin is on an 8 day bullish run gaining $9.74 (4.4%).
ETH has managed to gain 55.92% so far this year despite trading at lows around $993.77 previously. Trending positively for about a month. ETH is on a 16 day uptrend, gaining a total of 12.25%.
— Average trading volume refers to a 21-day rolling average.
