The symbol “≈” represents that two values are approximately equal. In finance and trading, including cryptocurrencies, this term is often used for estimations and rounding. Cryptocurrencies are known for their price volatility, leading traders and analysts to rely on approximations for decision-making. For example, if Bitcoin is valued around $40,000 but fluctuating, one might say it is approximately $40,000 to reflect its current market behavior without needing precise figures at every moment.Using “≈” can help convey trends and expectations without getting bogged down in exact numbers, which can be less significant due to rapid changes. It allows for clearer communication, particularly when assessing potential investments or market movements.Additionally, when calculating fees, transaction times, or the impact of market changes, approximations can make insights easier to grasp for users who may not need exact figures but are more focused on general trends or benchmarks.