Cryptocurrency Arbitrum Falls More Than 4% In 24 hours

Arbitrum's ARB/USD price has decreased 4.42% over the past 24 hours to $1.74. This is contrary to the coins performance over the past week where it has experienced an up-trend of 3.0%, moving from $1.7 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 increased 10.0% over the past week while the overall circulating supply of the coin has increased 0.27% to over 1.27 billion which makes up an estimated 12.75% of its max supply, which is 10.00 billion. The current market cap ranking for ARB is #42 at $2.22 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.