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Bitcoin Forum > Economy > Marketplace > Service Discussion > Is the "volume" on livecoinwatch.com the 24-hour volume?
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Author Topic: Is the "volume" on livecoinwatch.com the 24-hour volume?  (Read 85 times)
markcolls (OP)
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January 05, 2024, 05:52:46 AM
 #1
If you go to https://www.livecoinwatch.com/price/Bitcoin-BTC, then switch to 24H view, you will see price and volume information change every 5 minutes. I have two questions regarding this:
  • Is the volume information the total volume of transactions conducted in the last 24 hours?
  • Why is their value so much different than coinmarketcap and coingecko?
hosseinimr93
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January 05, 2024, 07:24:29 AM
Merited by pooya87 (2)
 #2
Quote from: markcolls on January 05, 2024, 05:52:46 AM
  • Is the volume information the total volume of transactions conducted in the last 24 hours?
Yes.

Quote from: markcolls on January 05, 2024, 05:52:46 AM
  • Why is their value so much different than coinmarketcap and coingecko?
The total 24 hour volume displayed on each of those websites is the sum of the 24 hour volumes in the bitcoin markets they are tracking.
Coinmarketcap and Coingecko track more bitcoin markets and the total 24 hour volumes reported by them are bigger than livecoinwatch.
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dkbit98
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January 05, 2024, 04:46:55 PM
 #3
Quote from: markcolls on January 05, 2024, 05:52:46 AM
Why is their value so much different than coinmarketcap and coingecko?
CMC: $34,54 Billion
CG: $31,97 Billion
LCW: $21.4 Billion

They all have totally different values for everything, including 24h volume, probably because they are tracking different exchanges.
I wouldn't fully trust any of this website, and coinmarketcap is owned by binance so I would trust their numbers even less.
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markcolls (OP)
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January 06, 2024, 07:13:04 AM
Last edit: January 09, 2024, 12:03:11 AM by Mr. Big
 #4
Quote from: hosseinimr93 on January 05, 2024, 07:24:29 AM
Quote from: markcolls on January 05, 2024, 05:52:46 AM
  • Is the volume information the total volume of transactions conducted in the last 24 hours?
Yes.

Quote from: markcolls on January 05, 2024, 05:52:46 AM
  • Why is their value so much different than coinmarketcap and coingecko?
The total 24 hour volume displayed on each of those websites is the sum of the 24 hour volumes in the bitcoin markets they are tracking.
Coinmarketcap and Coingecko track more bitcoin markets and the total 24 hour volumes reported by them are bigger than livecoinwatch.

THANK YOU!!  Grin


Quote from: dkbit98 on January 05, 2024, 04:46:55 PM
Quote from: markcolls on January 05, 2024, 05:52:46 AM
Why is their value so much different than coinmarketcap and coingecko?
CMC: $34,54 Billion
CG: $31,97 Billion
LCW: $21.4 Billion

They all have totally different values for everything, including 24h volume, probably because they are tracking different exchanges.
I wouldn't fully trust any of this website, and coinmarketcap is owned by binance so I would trust their numbers even less.




THANK YOU!!  Grin
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