Arbitrum Price Update: 3.08% Increase in 24 Hours
Arbitrum’s price has seen a notable increase of 3.08% over the past 24 hours, bringing it to $0.65. This recent surge follows a significant uptick of over 15.0% in the past week, with the price rising from $0.57 to its current level. For context, Arbitrum’s all-time high stands at $2.39.
Price Movement and Volatility Analysis
The chart below illustrates the price movement and volatility of Arbitrum:
- Past 24 Hours: The left side of the chart highlights the recent price fluctuations.
- Past Week: The right side depicts the overall price movement during the week.
The gray bands shown in the chart represent Bollinger Bands, which measure the volatility for both the daily and weekly price movements. A wider band indicates greater volatility, while a narrower band suggests stability.
Trading Volume and Circulating Supply
In addition to the price changes, the trading volume for Arbitrum has increased by 41.0% over the past week. However, the overall circulating supply of the coin has decreased by 0.09%, putting its current circulating supply at approximately 36.17% of its maximum supply of 10.00 billion.
Market Capitalization and Ranking
As of now, Arbitrum holds a market cap ranking of #48, with a total market capitalization of $2.36 billion.
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