Cryptocurrency Q&A
What does daily close mean in crypto?
What does daily close mean in crypto?
SophieJones
Wed Nov 27 2024
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7 answers
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I want to understand the meaning of daily close in the context of cryptocurrencies. What does it signify and how is it relevant in the crypto market?
7 answers
Caterina
Fri Nov 29 2024
It acts as a crucial valuation for the asset being traded.
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SsamziegangSerenadeMelodyHarmonySoul
Fri Nov 29 2024
The official daily close price holds a significant role in the financial markets.
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NebulaSoul
Fri Nov 29 2024
Traders and investors often use this price to gauge the asset's performance.
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Valeria
Fri Nov 29 2024
It signifies the price at which the last trade is executed on a particular trading day.
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GeishaWhisper
Fri Nov 29 2024
By examining the official daily close price, they can assess whether the asset has gained or lost value.
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