Cryptocurrency Arbitrum Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Arbitrum (ARB) experienced a 5.85% price decrease over the past 24 hours, continuing a weekly downtrend of -13.0%. The trading volume for ARB has increased by 35.0% over the past week, while its circulating supply remains unchanged, representing 12.75% of its max supply. ARB's market cap ranking is now #44, with a valuation of $2.32 billion.
February 21, 2024 | 7:03 pm
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Arbitrum (ARB) has seen a significant price decrease of 5.85% in the last 24 hours, with a 13% decrease over the past week. Its trading volume has increased by 35%, and it currently ranks #44 in market cap at $2.32 billion.
The significant price decrease of ARB over the past 24 hours and the past week, combined with an increase in trading volume, indicates a high level of market activity and potential investor concern. The decrease in price, despite increased trading volume, suggests a bearish outlook in the short term. The market cap ranking and the percentage of circulating supply also provide critical context for understanding ARB's current market position.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100