Cryptocurrency Arbitrum Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Arbitrum (CRYPTO: ARB) has seen a decrease in its price by 4.45% over the past 24 hours to $0.88, continuing its downward trend over the past week of -7.0%. The trading volume for the coin has increased by 6.0% over the past week while the overall circulating supply of the coin has increased 0.44% to over 1.27 billion. The current market cap ranking for ARB is #39 at $1.13 billion.
September 01, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Arbitrum's price has decreased by 4.45% over the past 24 hours, continuing its downward trend over the past week. The trading volume has increased by 6.0% over the past week.
The decrease in Arbitrum's price over the past 24 hours and the past week indicates a bearish trend. The increase in trading volume could suggest that more investors are selling their holdings, contributing to the price drop. The increase in circulating supply could also put downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100