day trading</strong></a>, known as OHLC. The other three data points are <strong>opening</strong>, high,&nbsp;and low prices. OHLC is widely used in traditional, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency, and other markets to consistently track asset performance.</p>\n<p>The term &ldquo;day trading&rdquo; originates from the traditional structure of the stock exchange before the late 1960s. Trade used to be conducted during regular market hours. In the case of the New York Stock Exchange, trading would commence between 9:30 a.m. and 4:00 p.m.</p>\n<p>This meant that the performance of market assets could be traced on a day-to-day basis. Since the trading was executed between the same hours every day, it was easy to highlight the highest and lowest market prices.</p>\n<p>Most traders view the closing price as the most important OHLC metric. The closing price is often set as the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-benchmark/">benchmark to determine the performance of an asset throughout different periods in the market.</p>\n<p>With the emergence and rapid development of electronic trading, the phenomenon of <strong>after-hours trading</strong> arose. After-hours trading is notable for lower volumes than regular day trading. Despite the rise of after-hours trading, the OHLC metrics remained relevant and are continuously tracked within the regular day market hours.</p>\n<p>Since the creation of cryptocurrencies in 2009, exchange platforms dedicated to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-asset/">digital assets</strong></a> started appearing in the early 2010s. These platforms support a model of 24/7 trading since they are accessible solely online and the listed assets are always operational. 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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto 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for a set length of time.</strong></p>\n<p>Nowadays, credits open a variety of opportunities for individuals to buy anything they wish for without having the needed amount in hand, at that time. But the scenario can go the other way. For instance, when customers have gathered enough capital they might want to start earning from it.</p>\n<p>A certificate of deposit (CD) is one of the options that can help to engage in this process.</p>\n<p>CDs work in the cryptocurrency sector in the same way that they do in traditional finance. To be more specific, crypto investors lock up a chunk of their token savings and obtain a fixed or variable interest rate based on that investment.</p>\n<p>Nevertheless, cryptocurrency-based CDs are obligated to perform an essential clarification, since the prices can experience peaks and adjustments. In regards to that, the return rate on <strong>a</strong> crypto-backed CD varies in equivalence with the price movement of the given token.</p>\n<p>Certificates of deposit&nbsp;are dependent on deposits in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currencies, the prices of which seldom fluctuate significantly.</p>\n<p>REX is one of the most popular CD tokens. It is the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance</strong></a> Smart Chain token, or a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bep-20/">BEP-20 token, which indicated that it can be utilized in a lot of different decentralized finance applications that are built on BSC. The development of REX was the very first attempt to mix traditional finance interest structure with blockchain technology.</p>\n<p>HEX is another example that has stepped into the ecosystem. The main difference is that HEX is <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum-based, meaning that it might have higher gas fees for users.</p>\n<p>The terms and conditions of the certificates of deposit tend to change depending on the issuing institution, and the amount the user wants to deposit. Besides, CDs are one of the most efficient ways to earn a passive income.</p>\n<p>A few of the CD terms:</p>\n<ul>\n<li><strong>The principal.</strong> The amount of savings you allow to deposit.</li>\n<li>The interest rate. Delivers a systematic and standardized return on your deposit over a certain period of time.</li>\n<li>The term. The length of time you leave your funds deposited to avoid any penalty.</li>\n<li>The institution. The credit union or a bank where you open your CD. It will determine aspects of the agreement.</li>\n</ul>\n<p>Certificates of deposit are one of the safest savings or investment instruments available. Also, they often offer higher interest rates paid by many bank accounts, unlike most other investments.</p>","level":"medium","meta_title":"What is Certificate of Deposit (CD)? 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Depending on the environment, the client can either connect to the server if it is client-server, or the rest of the network if it is <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">peer-to-peer.

/n

Software clients are used as a tool to connect to the blockchain network. Users that connect to the blockchain network are known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes. They are able to interact with other nodes within the network.</p>\n<p>There are many uses for cryptocurrency clients. Crypto <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">miners use special software to manage the mining equipment. It also helps transmit solved <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">hashes throughout the blockchain network.</p>\n<p>Crypto <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets also act as clients that users can use to deposit, store, and overall manage cryptocurrency <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-coin/">coins and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token/">tokens, including <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">non-fungible tokens (NFTs)</strong></a>. This applies to both <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hot-wallet/">hot and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cold-wallet/">cold wallets. Hot wallets are software-based, while cold wallets are hardware units.</p>\n<p>Wallets often possess streamlined graphical user interfaces (GUIs). GUIs allow users of all skill levels to easily manage their crypto transactions and funds.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block-explorer/">Block explorers</strong></strong></a> are another type of client. They provide users with access to blockchain data like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block-height/">block height</strong></a>, hash rate, as well as information on individual transactions. The information on block explorers is easily readable.</p>","level":"easy","meta_title":"What is Client? Definition & Meaning | Crypto Wiki","meta_description":"Client meaning: Client - software used on local computers to access and process transactions that are done on the blockchain.","meta_keywords":null,"language":"en","created_at":"2022-02-22T12:44:12.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-client"},"currentChapter":"C","currentSection":"what-is-close","chapterTitle":"C","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-close","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter C

What is Close?

Close MEANING:
Close - the closing price of the market that's used in traditional and crypto markets.
Easy
1 minute

Let's find out Close meaning, definition in crypto, what is Close, and all other detailed facts.

Close, or closing price, refers to one of the four key data points used in day trading, known as OHLC. The other three data points are opening, high, and low prices. OHLC is widely used in traditional, cryptocurrency, and other markets to consistently track asset performance.

The term “day trading” originates from the traditional structure of the stock exchange before the late 1960s. Trade used to be conducted during regular market hours. In the case of the New York Stock Exchange, trading would commence between 9:30 a.m. and 4:00 p.m.

This meant that the performance of market assets could be traced on a day-to-day basis. Since the trading was executed between the same hours every day, it was easy to highlight the highest and lowest market prices.

Most traders view the closing price as the most important OHLC metric. The closing price is often set as the benchmark to determine the performance of an asset throughout different periods in the market.

With the emergence and rapid development of electronic trading, the phenomenon of after-hours trading arose. After-hours trading is notable for lower volumes than regular day trading. Despite the rise of after-hours trading, the OHLC metrics remained relevant and are continuously tracked within the regular day market hours.

Since the creation of cryptocurrencies in 2009, exchange platforms dedicated to digital assets started appearing in the early 2010s. These platforms support a model of 24/7 trading since they are accessible solely online and the listed assets are always operational. Nevertheless, crypto exchanges also provide OHLC data. Candlestick charts are particularly common.
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