Cryptocurrency Arbitrum Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Arbitrum (ARB) has seen a 3.33% price drop in the last 24 hours, continuing a week-long downward trend. Trading volume decreased by 43% while circulating supply increased by 10.15%. The current market cap is $2.24 billion, ranking it #45.
October 23, 2024 | 3:03 pm
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Arbitrum's price has fallen by 3.33% in the last 24 hours, with a significant decrease in trading volume and an increase in circulating supply. This suggests potential short-term volatility and bearish sentiment.
The 3.33% price drop, combined with a 43% decrease in trading volume and a 10.15% increase in circulating supply, indicates bearish sentiment and potential short-term volatility for Arbitrum. The increased supply could pressure prices further down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100