Cryptocurrency Chainlink Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has decreased by 6.21% over the past 24 hours to $7.56, contrary to its performance over the past week where it experienced an up-trend of 11.0%. The trading volume of Chainlink has climbed 4.0% over the past week along with the circulating supply of the coin, which has increased 4.38% to 538.10 million. The current market cap ranking for LINK is #21 at $4.07 billion.
July 24, 2023 | 7:00 pm
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Chainlink's price has decreased by 6.21% over the past 24 hours, despite a weekly uptrend of 11%. The trading volume and circulating supply have also increased.
The decrease in Chainlink's price over the past 24 hours, despite the uptrend over the past week, indicates a potential short-term bearish trend. The increase in trading volume and circulating supply could suggest a higher market activity, but it doesn't seem to have a positive impact on the price in the short term.
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