Cryptocurrency Monero Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Monero (XMR) has seen a 3.48% decrease in price over the last 24 hours, settling at $159.75, continuing a weekly downward trend with a 4.0% loss. Trading volume has decreased by 4.0%, while the circulating supply has slightly increased by 0.14%, bringing it to 18.15 million. Monero's market cap is currently ranked #28, valued at $2.89 billion.
November 16, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Monero (XMR) has experienced a 3.48% price drop in the past day and a 4.0% decrease over the past week, with a decrease in trading volume but a slight increase in circulating supply.
The price of Monero has declined significantly, which is typically a bearish signal for traders and investors. The decrease in trading volume suggests lower interest or consolidation, which could further pressure the price in the short term. However, the slight increase in circulating supply may not have a significant impact on the price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100