I have been looking at the price tables and the volume average is going down and down. Does this impact on the price or not. It seems a bit strange that the volume is going down so much. Thanks.
The total amount of coins that is being traded (trading volume) doesn't really "directly" affect the price of Bitcoin in the market, because the price will always dependent on the demand and supply, and whenever the trading volume drops it doesn't always mean that the demand are also dropping. There are times that people are just holding their coins so transactions in Bitcoin network will decrease which means trading volume will drop, this is more likely what is happening right now since there is no huge drop in price of Bitcoin. And also having a huge volume doesn't mean that the price will always go up, there might be some instances that people are selling and in that case trading volume will also increase.