Cryptocurrency Monero Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Monero (XMR) has experienced a price drop of 5.87% in the past 24 hours, continuing a week-long decline of 6.0%. Despite the price drop, trading volume has increased by 50.0% over the past week, and the circulating supply has risen by 0.15%. Monero's current market cap is $2.89 billion, ranking it #33.
July 05, 2024 | 3:00 pm
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NEGATIVE IMPACT
Monero (XMR) has seen a significant price drop of 5.87% in the past 24 hours, continuing a week-long decline of 6.0%. Despite the price drop, trading volume has increased by 50.0% over the past week, and the circulating supply has risen by 0.15%.
The significant price drop of 5.87% in the past 24 hours and a week-long decline of 6.0% indicate a bearish trend for Monero. The increase in trading volume suggests heightened market activity, but the overall price movement is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100