Chainlink Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has experienced a significant price drop of 6.13% in the past 24 hours, continuing a week-long decline of 16.0%. Despite the price drop, trading volume has increased by 57.0%, while the circulating supply has decreased by 0.85%. Chainlink's current market cap is $8.82 billion, ranking it #17.
June 11, 2024 | 7:01 pm
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NEGATIVE IMPACT
Chainlink (CRYPTO: LINK) has seen a 6.13% price drop in the past 24 hours and a 16.0% decline over the past week. Despite the price drop, trading volume has increased by 57.0%, while the circulating supply has decreased by 0.85%.
The significant price drop in Chainlink over the past 24 hours and week indicates a bearish trend. The increase in trading volume suggests heightened market activity, but the overall decrease in circulating supply could indicate reduced investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100