Arbitrum: Traders dial down excitement as ARB prices drop
January 18, 2024
By Adewale Olarinde
Edited By: Ann Maria Shibu
ARB prices declined by over 3%.
TVL has continued to rise despite the recent decline in price.
Over the recent days, Arbitrum [ARB] has experienced a fluctuating price trend. Nevertheless, despite these price fluctuations, the Total Value Locked (TVL) within its network has reached an all-time high.
Arbitrum recovery comes to a halt
Between the 12th and 14th of January, the daily timeframe chart for Arbitrum showed consecutive declines. The most significant drop occurred on 14th January, reaching around 6.7%.
This decline marked the second-largest within the year thus far. Following these downturns, Arbitrum made recovery attempts, showcasing consecutive uptrends on 15th and 16th January, resulting in a combined uptrend of nearly 6%.Â
Source: Trading View
However, at the time of this writing, the cryptocurrency has resumed its decline, experiencing a decrease of over 3%, with its current trading price at approximately $2.
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