© Reuters. Cryptocurrency Arbitrum Decreases More Than 3% Within 24 hours
Benzinga – by Benzinga Insights, Benzinga Staff Writer.
Over the past 24 hours, Arbitrum’s (CRYPTO: ARB) price has fallen 3.76% to $1.55. This is opposite to its positive trend over the past week where it has experienced a 13.0% gain, moving from $1.38 to its current price.
The chart below compares the price movement and volatility for Arbitrum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has decreased 13.0% over the past week, while the overall circulating supply of the coin has decreased 0.05% to over 1.27 billion. This puts its current circulating supply at an estimated 12.75% of its max supply, which is 10.00 billion. The current market cap ranking for ARB is #46 at $1.98 billion.
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