Cryptocurrency Hedera Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Hedera (HBAR) has experienced a 4.72% price drop in the last 24 hours, continuing a week-long negative trend with a 2.0% loss. Trading volume has remained stable while circulating supply increased by 0.4%. HBAR's market cap is $3.84 billion, ranking it #31.
May 23, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Hedera (HBAR) has seen a 4.72% price drop in the last 24 hours, continuing a week-long negative trend with a 2.0% loss. Trading volume has remained stable while circulating supply increased by 0.4%. HBAR's market cap is $3.84 billion, ranking it #31.
The significant price drop of 4.72% in the last 24 hours, coupled with a week-long negative trend, indicates a bearish sentiment. The stable trading volume and slight increase in circulating supply suggest that the price drop is driven by market sentiment rather than fundamental changes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100