The amount of the cryptocurrency that has been traded in the last 24 hours.
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.