ARB Price Surges Following the Announcement!

Popular trading platform Robinhood has announced the listing of Arbitrum (ARB). Following this news, ARB surged from $0.38 to $0.44, marking an approximate 15% increase.

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Major exchange listings often trigger sharp price movements in the crypto market. Robinhood’s decision to list Arbitrum has increased demand, leading to a price surge.

Analysts suggest that Robinhood’s listing will help Arbitrum (ARB) reach a broader investor base, potentially increasing trading volume. However, for further price appreciation!

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The Arbitrum Foundation, which continues to develop the Arbitrum blockchain, said in a statement on Sunday that 69 million unclaimed ARB tokens were transferred to the network’s treasury after the demand period for the tokens ended over the weekend. Additionally, the Arbitrum Treasury Applications received $59M.

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According to technical documents, unclaimed rewards represent 0.69% of ARB’s total 10 billion supply. Data obtained from the Dune Analytics dashboard shows that 93% of eligible users claimed their tokens.

The value of these tokens is currently over $59 million. ARB tokens were distributed to eligible users as an airdrop at the end of March with a huge community response. Additionally over 42 million tokens were claimed by 23,000 unique users within hours of going live.

Airdrops refer to the automatic and/or unwanted transfer of tokens from projects to crypto users.

Following the implementation of ARB, the deadline for claims was set as September 24. In a governance vote in August, Arbitrum community member yoav.eth proposed that these tokens be transferred to the Arbitrum treasury instead of being locked forever. The vote received 99.96% approval from token holders.

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The post Arbitrum Adds $59M to Its Treasury with Missed Applications!! appeared first on Coin Engineer.

We observe a sluggish week for Bitcoin, and as we approach the weekend, we notice low volume and consolidation. The price is currently finding support around $26,400 while encountering resistance around $26,600. We might see some pullbacks to the $26,000 levels in the upcoming hours or over the weekend.

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The Latest Status of Cryptocurrencies September 23

‣ Bitcoin (BTC) is trading at $26,598 with a 0.08% decrease in the BTC/USD pair. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are in the range of $25,400 to $25,000.

‣ Ethereum (ETH) is trading at $1,594 with a 0.08% increase in the ETH/USDT pair. The resistance levels for ETH are in the range of $1,694 to $1,731, while the support levels are in the range of $1,550 to $1,465.

‣ StormX (STMX) is trading at $0.0074 with a 12.92% increase in the STMX/USD pair. The resistance levels for STMX are in the range of $0.0077 to $0.0084, while the support levels are in the range of $0.0060 to $0.0051.

‣ Arbitrum (ARB) is trading at $0.83 with a 0.50% decrease in the ARB/USD pair. The resistance levels for ARB are in the range of $0.90 to $0.98, while the support levels are in the range of $0.79 to $0.74.

‣ Curve (CRV) is trading at $0.48 with a 1.36% decrease in the CRV/USD pair. The resistance levels for CRV are in the range of $0.50 to $0.54, while the support levels are in the range of $0.45 to $0.43.

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Recent declines in the past few days have raised concerns about the future of Bitcoin. However, if the price remains above the range of $25,250 to $24,450, we believe we won’t experience a more severe drop. However, if $24,500 becomes a resistance level after a sharp decline, it suggests that Bitcoin could potentially drop toward the $21,875 level. We believe that as long as Bitcoin doesn’t close below $25,250 to $24,450, there’s no reason to be overly concerned.

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The Latest Status of Bitcoin and Cryptocurrencies!

• Bitcoin (BTC) is currently trading at $26,142 with a 0.02% decrease against the USD. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are in the range of $26,000 to $25,000.
• Ethereum (ETH) is currently trading at $1,638 against the USDT, showing a 0.26% increase. The resistance levels for ETH are in the range of $1,694 to $1,731, while the support levels are in the range of $1,642 to $1,550.
• Avax (AVAX) is currently trading at $10.1 against the USD, showing a 0.38% increase at the time of writing. The resistance levels for AVAX are in the range of $12.0 to $13.4, while the support levels are in the range of $9.5 to $8.7.
• Arbitrum (ARB) is currently trading at $0.97 against the USD, showing a 0.13% decrease at the time of writing. The resistance levels for ARB are in the range of $1.01 to $1.12, while the support levels are in the range of $0.91 to $0.83.
• Binance Coin (BNB) is currently trading at $213.7 against the USD, showing a 1.38% increase at the time of writing. The resistance levels for BNB are in the range of $238.2 to $249.00, while the support levels are in the range of $187.7 to $165.2.

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