Trading Volume

“Volume” is one of the most frequently discussed metrics around crypto trading. Whether predicting market movements or identifying legitimate popularity, volume can say as much about a crypto’s prospects as its actual price. This article will identify what exactly volume is and its relevance to cryptocurrency. Then, we’ll study some limitations of the metric. What is Crypto Trading Volume? Volume represents how much cryptocurrency has been traded within a specific period. For example, Crypto Adventure’s live price index shows the…

Here are two new metrics from the top cryptocurrency data aggregator CoinMarketCap (CMC). The new metrics is to rank exchanges and market pairings according to several factors that are aimed at reducing the effect of fake volume on the platform’s data. In recent times, CMC presented some changes which proved controversial for favoring its new parent firm Binance, thereby requiring the changes just introduced. On May 29, CMC presented its new ‘Confidence’ metric for the identification of suspicious volumes reported by exchanges.…

Bitcoin reward halving has happened and the bull market should be ready to swing into action. However, the recent rally’s volume profile could bring about declining moves which might suggest Bitcoin returning to an extended seller market. It is commonly said in the traditional markets that volume precedes price, but Bitcoin traders may not be familiar with it. This means smart money usually takes positions early, which does not always reflect price movements. Rather, trading volume can offer an early…

Bitcoin's massive market crash in March rocked the whole crypto market. It introduced a long period of volatility. Consequently, several altcoins plummeted too. Things were different, though for stablecoins that experienced impressive gains over Bitcoin (BTC). Hedging Against BTC Many crypto traders entered the stablecoin market to hedge against Bitcoin's increasing volatility. Tether, the popular and highly controversial stablecoin dominated transactions. According to BitMEX, the BTC/USDT trading almost tripled in March (21.6 million BTC). It had previously reached a value…