Date Time Cryptocurrencies on the move as volumes soar to new records It’s not just digital asset prices that are hitting new highs over the past weeks. Trading volumes for cryptocurrencies are through the roof as well. Trading volume represents the total number of cryptocurrencies traded (bought and sold) during a given period of time. As a technical indicator, it shows the overall activity, including liquidity of the market. Much of it , as seen in the small size of transactions, is being driven by retail traders and speculators who are continuing the high level of engagement that began since early 2021, and new entrants who may be looking to jump in and ride the explosive uptrend seen in some of the cryptocurrencies recently.