Internet Computer Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Internet Computer's (CRYPTO: ICP) price has decreased by 4.28% over the past 24 hours to $11.99, despite a weekly uptrend of 17.0%. The coin's volatility is depicted through Bollinger Bands in the provided chart. Trading volume has decreased by 15.0% over the past week, while the circulating supply increased by 0.65% to 457.35 million. ICP's market cap is currently ranked #18 at $5.48 billion.
January 30, 2024 | 7:02 pm
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NEGATIVE IMPACT
Internet Computer (ICP) has seen a 4.28% price drop in the last 24 hours, with a decrease in trading volume but an increase in circulating supply. The market cap remains strong at $5.48 billion, ranking #18.
The short-term impact on ICPUSD is negative due to the recent price decline and reduced trading volume, which typically indicate lower investor interest or market activity. However, the overall market cap remains robust, which may cushion the impact. The score reflects the recent negative price movement, while the relevance is high as the asset is the primary focus of the news. The importance is significant as price movements are crucial for traders, but not at the highest level since it's a common fluctuation in the volatile crypto market. The confidence level is high due to the clear data provided but not absolute due to the unpredictable nature of the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100