Chainlink Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has experienced a significant price drop of 6.88% in the past 24 hours, continuing a week-long decline of 11.0%. Despite the price drop, trading volume has increased by 31.0% over the past week, and the circulating supply has grown slightly by 0.28%. Chainlink's market cap is currently ranked #16 at $9.49 billion.
June 07, 2024 | 7:03 pm
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Chainlink (CRYPTO: LINK) has seen a 6.88% price drop in the past 24 hours, continuing a week-long decline of 11.0%. Despite the price drop, trading volume has increased by 31.0% over the past week, and the circulating supply has grown slightly by 0.28%.
The significant price drop of 6.88% in the past 24 hours and a week-long decline of 11.0% indicate a bearish trend for Chainlink. The increase in trading volume suggests heightened market activity, but the overall negative price movement is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100