the 7 day volume is another way we can read trends. Or, in crypto terms, 642,566 Bitcoins. This tells us that yesterday was a massive trading day, which isnt likely to repeat. But the low volume could make investors cautious. But cryptocurrencies are already vastly more traded than conventional stocks. If the price of Bitcoin drops, but theres minimal volume, that could tell us only a small amount of people back the trend. Tier 4 (top row, large icon)Tier 3 (second row, small icon)Tier 2 (third row, small icon)Tier 1 (fourth row, small icon) 12 months6 months3 months1 month, contact Email, please send me an invoice. Added Average Block Size chart, added Average Transaction Count chart. Volume is arguably the most important metric for a cryptocurrency, because of the amount of ways it can be broken down. A drop with considerable volume behind it might mean a coin is in for an extended bear run.
It also shows the share of the total volume on that day for that country and the change compared to 1 day ago. Its an essential metric for traders. If you sort by volume on CoinMarketCap, the top three coins are. Theres quite a drop-off from there to Ripple, which saw 410 million change hands. Crypto Canvas displays the 24h volume per coin for South Korea and China. For example, roughly.5 billion worth of Bitcoin has changed hands in the last sanry exchange rate yen euro narita day. Added display of future rule change compatibility for Bitcoin Cash nodes. Essentially, volume underscores how many people are buying and selling the coin.