Cryptocurrency Monero Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Monero (XMR) has experienced a 4.47% price drop in the last 24 hours, continuing a week-long decline of 4.0%. Trading volume has decreased by 39.0% over the past week, while the circulating supply has slightly increased by 0.1%. Monero's market cap is currently $2.98 billion, ranking it #34.

June 21, 2024 | 3:00 pm
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NEGATIVE IMPACT
Monero (XMR) has seen a significant price drop of 4.47% in the last 24 hours, continuing a week-long decline. The trading volume has decreased by 39.0%, while the circulating supply has slightly increased. The market cap is currently $2.98 billion, ranking it #34.
The significant price drop and decrease in trading volume indicate a bearish trend for Monero. The slight increase in circulating supply adds to the negative sentiment. Investors should be cautious as the market cap ranking also reflects a decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100