What is considered a high trading volume in the cryptocurrency market?

3 answers

• Dec 24, 2021 · 3 years ago
  A high trading volume in the cryptocurrency market is typically considered to be when a significant amount of digital assets are being bought and sold within a specific time period. This can vary depending on the specific cryptocurrency and market conditions, but generally, a high trading volume would be in the millions or billions of dollars. High trading volume indicates a high level of market activity and liquidity, which can be seen as a positive sign for investors and traders.
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• Dec 24, 2021 · 3 years ago
  When it comes to trading volume in the cryptocurrency market, 'high' is a relative term. What may be considered high for one cryptocurrency may not be the same for another. However, as a general guideline, a high trading volume can be defined as a significant amount of trading activity that exceeds the average volume for a particular cryptocurrency. It is important to note that trading volume can fluctuate greatly depending on market conditions, news events, and investor sentiment.
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• Dec 24, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, a high trading volume in the cryptocurrency market is typically characterized by a substantial number of trades and a large amount of digital assets being exchanged. This indicates a high level of market participation and can be an indication of increased market interest and activity. It is important for traders and investors to pay attention to trading volume as it can provide insights into market trends and liquidity.
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