In the past 24 hours, the Arbitrum’s ARB/USD exchange rate has dropped 3.76%, settling at $1.55. This is opposite to the week-long trend, which saw a whopping 13.0% increase, from $1.38 to its current state. To better illustrate the price movements and changes in volatility, accompanying charts feature Bollinger Bands and span the 24-hour mark (left) and last week (right). The wider or more ample the gray area on the chart in a given moment, the higher the volatility.
Torrential trading of ARB dropped 13.0%, which resulted in a 0.05% decrease in currency supply, and tasked the circulating assets to a mere 12.75% of its maximum number $textendash$ 10.00 billion. Its current market cap stands at #46 for a grand figure of $1.98 billion.
