Federica
Tue Jul 09 2024
|
6 answers
987
What is the difference between bitcoin volume and US dollar volume?
Could you elaborate on the distinction between bitcoin volume and US dollar volume in the cryptocurrency market? I'm particularly interested in understanding how the two metrics are calculated and how they differ in their significance and impact on market analysis. Is bitcoin volume a reflection of the number of bitcoins traded, whereas US dollar volume represents the total dollar value of those trades? How do traders typically utilize these metrics to make informed decisions, and what insights do they provide into the overall health and direction of the market?
