When trading crypto assets, monitoring current and historical prices is essential. Most trading platforms prominently display price change indicators like "24-hour change" to assist users. Although terminology may vary across platforms, the underlying calculation principles remain similar.
01 Establishing Calculation Standards
Understanding the calculation standard is crucial when analyzing crypto asset trends. Trading platforms typically provide explanations for these metrics. If unavailable on their website, contacting customer support can clarify.
For example:
- OKEx calculates price changes based on the most recent 24-hour period.
- Huobi uses Beijing time (00:00) as its benchmark.
- Other international platforms adopt varying reference points.
Since crypto markets operate 24/7, the 24-hour change metric offers stronger real-time relevance and fairness, transcending time zones and aligning with global user needs.
02 Calculating Price Changes
The formula for price changes varies based on the chosen standard.
Case 1: Recent 24-Hour Period
If ETH’s price is $387.13** at 11:00 AM on September 18, and its price 24 hours earlier was **$380.09, the calculation is:
(387.13 – 380.09) ÷ 380.09 × 100% = 1.85%
The platform would display a 1.85% increase.
Case 2: Fixed Time Benchmark (e.g., 00:00 Beijing Time)
Subtract the opening price at 00:00 from the current price, divide by the opening price, and multiply by 100%.
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03 Key Takeaways
Price change metrics differ across platforms due to:
- Calculation standards (24-hour vs. fixed time).
- Price discrepancies for the same asset on different exchanges.
Tip: Always verify a platform’s calculation method to make informed trading decisions.
FAQ
Q1: Why do platforms show different price changes for the same asset?
A1: Variations arise from distinct calculation benchmarks (e.g., 24-hour vs. daily open) and slight price differences across exchanges.
Q2: Besides price changes, what other metrics matter?
A2: Traders often watch trading volume, market capitalization, and liquidity to gauge market activity and stability.
Q3: How often are price changes updated?
A3: Updates occur in real-time, reflecting the latest market data.
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Pro Tip: Bookmark reliable platforms to track consistent metrics tailored to your trading style.
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