Trade Volume

What Is Trade Volume?

Trade volume reflects the amount of cryptocurrency that is bought and sold in a single day.

It's an important metric as it can indicate changes in crypto trends.

For example, if a coin which normally has a low trading volume experiences a spike, it may signal a changing trend such as growing institutional interest.

Similarly, if a cryptocurrency which normally has high overall trading volume experiences a dip in its 24-hour volume, it may mean demand for the cryptocurrency is waning.

Investors often evaluate a cryptocurrency’s volume to make predictions about the future downward or upward movement of prices.

Bitcoin is normally the cryptocurrency which has the highest trading volume.