Cryptocurrency avalanche drops over 13% in 24 hours

In the past 24 hours, Avalanche AVAX/USD price fell 13.14% to $22.58. This continues its negative trend over the past week where it suffered a loss of 21.0% from $28.85 to its current price.

The chart below compares Avalanche’s price movement and volatility over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger bands, measuring the volatility of daily and weekly price movements. The wider the bands, or the larger the gray area at any given time, the greater the volatility.

Avalanche’s trading volume increased by 12.0% over the past week, alongside the coin’s circulating supply, which increased by 0.32%. This brings the circulating supply to 284.96 million, which is about 39.58% of its maximum supply of 720.00 million. According to our data, AVAX’s current market capitalization ranking is #15 at $6.45 billion.

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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