Cryptocurrency Arbitrum Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Arbitrum (ARB) has seen a price increase of 3.42% in the last 24 hours, reaching $1.82, despite a weekly decline of 3.0%. The coin's all-time high is $2.39. Trading volume fell by 21.0% over the week, while circulating supply increased by 0.44% to 1.27 billion, representing 12.75% of its max supply. Arbitrum's market cap ranks it 40th at $2.32 billion.
February 06, 2024 | 3:02 pm
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Arbitrum (ARB) experienced a 3.42% price increase over the last 24 hours, reaching $1.82, despite a weekly 3.0% decline. The trading volume decreased by 21.0%, and the circulating supply increased to 1.27 billion.
The short-term price increase of Arbitrum (ARB) despite a weekly decline indicates a potential rebound or positive market reaction to its recent performance. The decrease in trading volume suggests less trading activity, but the increase in circulating supply could indicate more ARB being moved or sold in the market. Given the volatility in the cryptocurrency market, these factors combined with its current market cap ranking could influence ARB's price positively in the short term.
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