Cryptocurrency Arbitrum's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Arbitrum (ARB) has seen a price increase of 4.64% in the last 24 hours, reaching $2.14, with a weekly gain of over 5%. The coin's trading volume decreased by 12% over the past week, while its circulating supply rose by 13.93% to 1.45 billion, representing 14.51% of its max supply. Arbitrum's market cap is now ranked #45 at $3.11 billion.
March 07, 2024 | 7:02 pm
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Arbitrum (ARB) has experienced a 4.64% price increase over the past 24 hours, reaching $2.14, with its weekly performance also showing a gain of over 5%. The trading volume has seen a decrease of 12%, while the circulating supply has increased by 13.93%.
The price increase of Arbitrum (ARB) over the past 24 hours and week indicates a positive market sentiment towards the cryptocurrency. The decrease in trading volume could suggest a consolidation phase following the recent price gains, while the increase in circulating supply might have been anticipated by the market, given the overall positive price movement. These factors contribute to a likely short-term upward price trajectory.
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