Internet Computer Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Internet Computer's (CRYPTO: ICP) price has decreased by 4.22% over the past 24 hours to $12.5, continuing a downward trend from the past week. The trading volume for ICP has decreased by 53.0%, and the circulating supply has slightly decreased by 0.08%. The current market cap ranking for ICP is #18, valued at $5.70 billion.
January 16, 2024 | 7:00 pm
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NEGATIVE IMPACT
Internet Computer (ICP) has experienced a 4.22% price drop in the last 24 hours, with a significant 53% decrease in trading volume and a marginal reduction in circulating supply.
The price of Internet Computer (ICP) has fallen significantly, which is typically a bearish signal for short-term price movement. The decrease in trading volume suggests lower investor interest, which could further contribute to downward pressure on the price. The slight decrease in circulating supply is not likely to have a significant impact on the price. Given the current trend and market conditions, the short-term impact is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100