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Arbitrum: Traders dial down excitement as ARB prices drop

Press Releases Crypto News AMB-Crypto Arbitrum: Traders dial down excitement as ARB prices drop

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%.

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Author: Adewale Olarinde

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