Chainlink Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a 6.23% decrease in price over the last 24 hours, continuing a negative trend with a 2.0% loss over the past week. The trading volume has increased by 63.0%, and the circulating supply has risen by 0.96% to over 587.10 million. LINK's market cap ranking is now #16 at $11.30 billion.
March 06, 2024 | 3:01 pm
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NEGATIVE IMPACT
Chainlink (LINK) experienced a 6.23% price drop over the last 24 hours and a 2.0% decrease over the past week, with a significant increase in trading volume and a slight increase in circulating supply.
The significant price drop of 6.23% in the last 24 hours, coupled with a 2.0% decrease over the past week, indicates a negative short-term impact on LINKUSD. The increase in trading volume suggests heightened activity, possibly as investors react to the price changes. The slight increase in circulating supply could also influence market dynamics.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100