What is Close?
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.
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>","definition":"software used on local computers to access and process transactions that are done on the blockchain.","status":"published","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}" :model="{"id":165,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Open-high-low-close_chart","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2023-12-27T15:01:01.000000Z","slug":"what-is-close","title":"What is Close?","section":"C","keyword":"Close","content":"<p><strong>Close<\/strong>, or closing price, refers to one of the four key data points used in <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-day-trading/">day trading<\/strong><\/a>, known as OHLC. The other three data points are <strong>opening<\/strong>, high, 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 “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.<\/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. Nevertheless, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">crypto exchanges<\/strong><\/strong><\/a> also provide OHLC data. Candlestick charts are particularly common.<\/p>","definition":"the closing price of the market that's used in traditional and crypto markets.","status":"published","meta_title":"What is Close? Definition & Meaning | Crypto Wiki","meta_description":"Close meaning: Close - the closing price of the market that's used in traditional and crypto markets.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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