Cryptocurrency Arbitrum Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Arbitrum (ARB) experienced a 6.16% price decrease over the past 24 hours, now at $2.0, despite a weekly uptrend of 4.0%. The trading volume increased by 2.0% over the week, while the circulating supply slightly decreased. ARB's market cap ranks #43 at $2.57 billion.
February 16, 2024 | 3:02 pm
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Arbitrum (ARB) price fell by 6.16% in the last 24 hours to $2.0, despite a recent uptrend. The market cap is now $2.57 billion, ranking it #43.
The significant 24-hour price drop of Arbitrum (ARB) directly impacts its trading pair ARBUSD, indicating a short-term bearish outlook. The recent uptrend and increased trading volume suggest underlying interest, but the immediate price action is negative. The slight decrease in circulating supply could indicate a tightening of available tokens, potentially affecting future price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100