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Crypto

ARB Drops 5.01% Amid Profit Taking and Technical Selling

Guavy AI Editorial Team
Instruments
ARB ZK
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ARB dropped by 5.01% in the last 24 hours due to profit taking and technical selling.

This move is not extreme for a liquid mid-cap token like ARB, which rallied strongly in the prior week with a +30% gain over seven days.

The broader crypto market showed modest weakness, with the total crypto market cap falling by 1.12%

There are no new negative fundamental catalysts for ARB, and recent news about Arbitrum has been positive, including the successful launch of ArbOS 61 'Elara' and progress on ZK settlement.

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