Avalanche (AVAX) Price Plummets, Market Capitalization Suffers
Substantial Loss Over 24 Hours
The cryptocurrency market is experiencing significant fluctuations, with Avalanche (AVAX) witnessing a notable decline in its value. As of 01:28 UTC-7 today, AVAX has fallen by 6.86% over the past 24 hours, bringing its price down to $3,672. The 24-hour trading volume for AVAX has also dropped by -16.3%, now standing at $4,131,263,6899.
Contributing Factors to the Decline
Factors contributing to the price drop of AVAX remain unclear at this time. However, the overall cryptocurrency market has been experiencing a downturn in recent days, which may have played a role in the decline of AVAX. Additionally, any news or events specifically related to Avalanche could have impacted its price.
Despite the recent loss, AVAX has experienced a 0.78% increase in price over the past week. It remains to be seen whether the current downward trend will continue or if AVAX will recover in the coming days.
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