Cryptocurrency Arbitrum Up More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Arbitrum (ARB) has seen a price increase of 7.07% in the last 24 hours, reaching $2.14, with a weekly gain of over 5.0% from $2.02. The coin's all-time high is $2.39. Trading volume has decreased by 28.0% over the past week, and the circulating supply has slightly dropped to 1.45 billion, representing 14.51% of its max supply. Arbitrum's market cap is currently ranked #47 at $3.11 billion.
March 13, 2024 | 3:03 pm
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Arbitrum (ARB) has experienced a significant price increase of 7.07% in the last 24 hours, reaching $2.14, and a weekly increase of over 5.0%. The trading volume has decreased by 28.0%, and the circulating supply has slightly decreased.
The price increase of Arbitrum (ARB) over the past 24 hours and week indicates a positive market sentiment towards the cryptocurrency, likely leading to a short-term bullish trend. However, the decrease in trading volume could suggest a potential slowdown in momentum or consolidation phase. The slight decrease in circulating supply might have contributed to the price increase due to reduced supply. Given these factors, the short-term impact on ARBUSD is likely positive, but investors should be cautious of the decreased trading volume.
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RELEVANCE 100