Lido Staked Ether Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has experienced a 5.59% price drop in the last 24 hours, continuing a week-long decline of 9.0%. Trading volume has increased by 23.0%, and the circulating supply has risen by 0.55% to 9.74 million. The current market cap is $30.38 billion, ranking it #7.
July 05, 2024 | 3:00 pm
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NEGATIVE IMPACT
Lido Staked Ether (STETH) has seen a significant price drop of 5.59% in the last 24 hours, continuing a week-long decline of 9.0%. Despite the price drop, trading volume has increased by 23.0%, and the circulating supply has risen by 0.55%.
The significant price drop of 5.59% in the last 24 hours and a 9.0% decline over the past week indicate a bearish trend for STETH. 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