Daily volume represents the total quantity of a specific asset, such as a cryptocurrency or stock, that has been traded within a 24-hour period. This metric serves as a key indicator of market activity and liquidity for a given asset. Higher daily volume generally suggests greater trading interest and potentially more stable price discovery.
Context
In cryptocurrency news, daily volume is a critical metric for assessing the liquidity and trading interest in specific digital assets or exchanges. Reports often highlight significant shifts in daily volume for particular cryptocurrencies, correlating these changes with price movements or notable market events. Analyzing these trends provides insight into investor sentiment and the overall health of the trading market for digital assets.
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