Avalanche Down More Than 8% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a significant price drop of 8.97% in the past 24 hours, continuing its downward trend over the past week. Despite the price drop, trading volume has increased by 22.0%, and the circulating supply has grown by 8.31%. AVAX's current market cap is $12.99 billion, ranking it #13.

June 07, 2024 | 7:02 pm
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Avalanche (CRYPTO: AVAX) has experienced a significant price drop of 8.97% in the past 24 hours, continuing its downward trend over the past week. Despite the price drop, trading volume has increased by 22.0%, and the circulating supply has grown by 8.31%.
The significant price drop of 8.97% in the past 24 hours and the continued downward trend over the past week indicate a bearish sentiment. The increase in trading volume and circulating supply suggests heightened market activity, but the overall impact on price is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100