Cryptocurrency Arbitrum's Price Increased More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Arbitrum (CRYPTO: ARB) has seen a price increase of 6.24% in the last 24 hours, reaching $1.68, despite a 22.0% decrease over the past week from $2.14. The coin's all-time high is $2.39. Trading volume rose by 5.0% over the week, with the circulating supply increasing to 2.65 billion, 26.54% of its max supply. ARB's market cap is now $4.44 billion, ranking it #27.
March 20, 2024 | 3:01 pm
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Arbitrum (ARB) experienced a 6.24% price increase to $1.68 in the last 24 hours, despite a weekly decline of 22%. The trading volume and circulating supply have also seen significant changes.
The short-term price increase of Arbitrum (ARB) is significant, showing a strong recovery from its weekly decline. The increase in trading volume and circulating supply suggests growing investor interest and market activity, which could further support the price in the short term. However, the recent volatility and the fact that it is still below its all-time high indicate potential risks.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100