What is the weighted average price of Bitcoin in the past month?

3 answers

• Jaya ChandrikaMay 16, 2021 · 4 years ago
  The weighted average price of Bitcoin in the past month is the average price of Bitcoin over that period, taking into account the trading volume of each transaction. It is calculated by multiplying the price of each transaction by its corresponding trading volume, summing up these values, and dividing the total by the sum of the trading volumes. This calculation gives more weight to transactions with higher trading volumes, reflecting the market's overall sentiment towards Bitcoin during that time.
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• Davenport EnglishSep 05, 2021 · 4 years ago
  Hey there! So, the weighted average price of Bitcoin in the past month is basically the average price of Bitcoin during that period, but with a twist. It takes into consideration the trading volume of each transaction. This means that transactions with higher trading volumes have a greater impact on the average price. So, if there were some big trades during the month, they would have a more significant influence on the weighted average price. It's a way to give more weight to the transactions that had a larger impact on the market. Hope that clarifies things for you!
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• Divyansh KhatriJan 22, 2023 · 2 years ago
  The weighted average price of Bitcoin in the past month is calculated by considering the trading volume of each transaction. It is a measure that takes into account both the price and the volume of trades. The higher the trading volume, the more weight it has in determining the average price. This approach provides a more accurate representation of the market sentiment and reflects the impact of larger trades on the overall average price. If you're interested in exploring this further, you can check out the weighted average price of Bitcoin on BYDFi, a popular cryptocurrency exchange.
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