Cryptocurrency Internet Computer Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Internet Computer's cryptocurrency (ICP) has seen a significant decline, dropping 5.84% in the last 24 hours to a price of $10.22. Over the past week, ICP has experienced a 19.0% decrease from $12.6. The trading volume for ICP has increased by 20.0% over the past week, and its circulating supply has risen by 0.19% to 455.89 million. Currently, ICP holds the 21st position in market cap rankings with a value of $4.67 billion.
January 23, 2024 | 7:02 pm
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Internet Computer (ICP) has seen a 5.84% price drop in 24 hours and a 19% decrease over the past week, with an increase in trading volume and circulating supply.
The significant price drop of 5.84% in the past 24 hours and the overall 19% decrease over the week suggest a bearish trend for ICP. Despite the increase in trading volume, which sometimes indicates positive interest, the continued downward price movement is likely to negatively impact investor sentiment in the short term. The increase in circulating supply could also be contributing to the price decline as it may dilute the value of existing coins.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100