Cryptocurrency Arbitrum Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Arbitrum's cryptocurrency (ARB) has seen a 3.76% decrease in price over the last 24 hours, falling to $1.55, despite a 13.0% increase over the past week. The trading volume has decreased by 13.0%, and the circulating supply has slightly decreased by 0.05%. The current market cap ranking for ARB is #46, with a valuation of $1.98 billion.
January 01, 2024 | 3:02 pm
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Arbitrum (ARB) has experienced a short-term price decline of 3.76% to $1.55, with a decrease in trading volume and a slight reduction in circulating supply.
The price of ARB has fallen by 3.76% which is a bearish signal for the asset in the short term. The decrease in trading volume suggests lower market interest, which could further impact the price negatively. The slight decrease in circulating supply is typically a positive factor, but it seems to be overshadowed by the negative sentiment reflected in the price drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100