What is the definition of previous close in the context of digital currencies?

3 answers

• MinhDijyAug 31, 2024 · a year ago
  The term 'previous close' in the context of digital currencies refers to the closing price of a particular cryptocurrency or digital asset at the end of the previous trading session. It represents the final price at which the asset was traded before the market closed. This information is commonly used by traders and investors to analyze price movements and make informed decisions about buying or selling digital currencies.
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• KeekApr 09, 2022 · 3 years ago
  When we talk about 'previous close' in the world of digital currencies, we're basically referring to the last recorded price of a cryptocurrency or digital asset before the market closed. It's like the closing price you see in traditional stock markets. This information is important because it helps traders and investors understand the price trends and make predictions about future movements. So, if you hear someone mentioning the 'previous close' of a digital currency, they're talking about the price at the end of the previous trading session.
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• CleanHouse i Vaest ABAug 10, 2022 · 3 years ago
  Ah, the 'previous close' in the context of digital currencies! It's like the digital version of saying 'what was the price before the market closed?' You see, when the market closes for the day, the 'previous close' refers to the last recorded price of a cryptocurrency or digital asset. It's a way to measure the performance of the asset and see how it's been doing. Traders and investors use this information to analyze trends and make decisions. So, next time you hear someone mention the 'previous close' of a digital currency, you'll know what they're talking about!
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