Cryptocurrency Internet Computer Falls More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
Internet Computer's cryptocurrency (ICP) experienced a significant drop of 8.33% in the last 24 hours, with its price falling to $9.33. This decline contrasts with its recent weekly gain of 67.0%. The trading volume for ICP has surged by 196.0% over the past week, while the circulating supply has slightly increased by 0.46%, reaching 452.87 million. Despite the recent drop, ICP's market cap ranks it at #23, valued at $4.24 billion.
December 19, 2023 | 3:02 pm
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NEGATIVE IMPACT
Internet Computer (ICP) has seen a significant price drop of 8.33% in the past 24 hours, despite a strong weekly performance. The increase in trading volume and circulating supply may indicate heightened investor activity and interest.
The sharp decline in ICP's price over the past 24 hours is likely to have a negative short-term impact on investor sentiment, especially given the recent positive trend. The increased trading volume suggests that the price movement is significant and not just a minor fluctuation. However, the overall uptrend over the past week may provide some support to the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100