Cryptocurrency Arbitrum Decreases More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Arbitrum (ARB) has experienced a significant price drop of 7.14% in the past 24 hours, continuing a week-long decline of 13.0%. Despite the price drop, trading volume has increased by 61.0%, while the circulating supply has slightly decreased. The current market cap for ARB is $2.30 billion, ranking it #40.

July 05, 2024 | 3:00 pm
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Arbitrum (ARB) has seen a 7.14% price drop in the last 24 hours, continuing a 13.0% decline over the past week. Trading volume has surged by 61.0%, while the circulating supply has decreased slightly. The market cap is currently $2.30 billion, ranking it #40.
The significant price drop of 7.14% in the last 24 hours, along with a 13.0% decline over the past week, indicates a bearish trend for Arbitrum. 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