24h Trading Volume
In short
Total value of a cryptocurrency traded in the last 24 hours
24h volume shows how much of a coin changed hands today (in dollars). High volume on a price move = conviction. Low volume on a price move = potentially fake move. Volume is the lie detector of price action.
24-hour trading volume measures market activity and liquidity. Volume confirmation is important in crypto — genuine breakouts are accompanied by surging volume. Suspicious volume patterns (wash trading) are common in smaller-cap coins.
Related concepts
- Crypto Market Cap — Crypto market cap = price × number of coins in circulation. Bitcoin at $60,000 with 19.5M coins = ~$1.17T market cap. A rising total crypto market cap means money is flowing into the space.
- Bitcoin Dominance — Bitcoin dominance shows how much of all crypto money is in Bitcoin. High dominance (>60%) means investors prefer Bitcoin's safety. Falling dominance during a bull market often signals altcoin season — smaller coins outperforming Bitcoin.
- Liquidity Pool — A liquidity pool is a pot of two tokens that lets traders swap between them automatically. You provide the tokens and earn a share of trading fees. Risk: 'impermanent loss' if the prices of the two tokens diverge significantly.
- OBV (On-Balance Volume) — OBV adds volume on up days and subtracts on down days. The idea: if prices are rising but volume is weak, the move isn't convincing. When OBV rises before price, big money may be accumulating.