Arkham ($ARKM) Crypto Forecast: Down 5.9% Today

What is Arkham?

ARKM (Cryptocurrency token) Market: The overall cryptocurrency market has been volatile today, with mixed movements across various tokens and coins.

Why is Arkham going down?

ARKM crypto is down 5.9% on Nov 21, 2024 15:41

• The bearish movement in ARKM today could be attributed to profit-taking by investors after a period of bullish momentum.
• The launch of spot trading on Arkham Exchange may have initially generated excitement and driven up the token's price, but as the news settled, some investors might have decided to sell off their positions.
• The restriction of spot trading on Arkham Exchange to US users could have also limited the potential market impact, leading to a decrease in demand for ARKM.
• Overall, the market reaction to the new spot trading platform seems to have been a short-term positive followed by a correction, resulting in the bearish movement of ARKM today.

ARKM Price Chart

ARKM Technical Analysis

ARKM News

Spot Trading Goes Live on Arkham Exchange—Here’s What You Need to Know

Spot Trading Goes Live on Arkham Exchange—Here’s What You Need to Know

https://crypto-economy.com/spot-trading-goes-live-on-arkham-exchange-heres-what-you-need-to-know/

Crypto Intelligence Platform Arkham Announces New Spot Trading Exchange Coming to US

Crypto Intelligence Platform Arkham Announces New Spot Trading Exchange Coming to US

https://dailyhodl.com/2024/11/20/crypto-intelligence-platform-arkham-announces-new-spot-trading-exchange-coming-to-us/

Arkham Intelligence is Launching a Spot Trading Platform in the US

Arkham Intelligence is Launching a Spot Trading Platform in the US

https://beincrypto.com/arkham-spot-trading-platform-launch-us/

Arkham Exchange to Launch Spot Trading Restricted to US Users

Arkham Exchange to Launch Spot Trading Restricted to US Users

https://coincu.com/293124-arkham-exchange-to-launch-spot-trading/

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Arkham Price History

07.10.2024 - ARKM Crypto was up 12.6%

• The surge in ARKM's value is linked to the introduction of its perpetual futures exchange and initiation into the derivatives sector.
• Diversification into derivatives has the potential to draw in a wider range of traders and investors, resulting in heightened demand and pushing up the token's price.
• This strategic maneuver by Arkham showcases a dedication to innovation and expansion, likely instilling greater confidence among investors and playing a role in the upward trajectory of the token’s value.

13.10.2024 - ARKM Crypto was down 6.0%

• ARKM saw significant bearish movement with the launch of Arkham Exchange and its foray into the derivatives market.
• The arrival of new trading platforms and derivative products likely prompted heightened selling of ARKM as traders made adjustments.
• Attention shifting towards other cryptocurrencies like Bitcoin, Dogecoin, and Solana on the Arkham Exchange may have detracted from ARKM's performance, contributing to its bearish trend.
• Competition from leading Artificial Intelligence (AI) coins of the week possibly had a negative impact on ARKM's price as investors explored different opportunities in the market.

25.09.2024 - ARKM Crypto was down 5.7%

• The bearish movement in ARKM could be attributed to news of a $20 million crypto breach involving the US Government, creating uncertainty and fear in the market.
• The hack that resulted in the theft of a substantial amount of crypto from a wallet affiliated with the US Government may have raised concerns about the security of digital assets, leading to a sell-off of ARKM.
• Despite the negative sentiment surrounding crypto breaches, the reassurance that Tesla's significant investment in Bitcoin remains intact might have prevented an even more severe drop in ARKM's price.
• Investors may be closely monitoring the situation to assess any potential long-term implications on the security and trustworthiness of cryptocurrencies like ARKM.

25.09.2024 - ARKM Crypto was down 5.1%

• ARKM experienced a bearish movement today due to a hacker plundering $20,000,000 worth of crypto from a wallet affiliated with the US government, leading to concerns and selling pressure in the market.
• The suspicious activity involving the compromise of US government crypto raised uncertainty and fear among investors, contributing to the downward pressure on ARKM.
• Despite the negative news, the revelation that Tesla's $765M in Bitcoin is still intact may have provided some reassurance to investors, preventing an even steeper decline in ARKM's price.
• The market movement could also be influenced by the overall sentiment towards cryptocurrencies and the ongoing regulatory concerns in the industry, amplifying the impact of the hacking incident on ARKM's price.

21.10.2024 - ARKM Crypto was down 5.9%

• The bearish movement in ARKM today could be attributed to profit-taking by investors after a period of bullish momentum.
• The launch of spot trading on Arkham Exchange may have initially generated excitement and driven up the token's price, but as the news settled, some investors might have decided to sell off their positions.
• The restriction of spot trading on Arkham Exchange to US users could have also limited the potential market impact, leading to a decrease in demand for ARKM.
• Overall, the market reaction to the new spot trading platform seems to have been a short-term positive followed by a correction, resulting in the bearish movement of ARKM today.

31.09.2024 - ARKM Crypto was down 5.1%

• ARKM experienced a bearish movement likely due to the news of a hacker looting $20 million from a US government-affiliated wallet, creating uncertainty and fear in the market.
• The quick return of the vast majority of the stolen funds may have mitigated some of the initial panic, but the breach still raised concerns about the security of cryptocurrency assets.
• Investors may be selling off ARKM in response to the breach, as security vulnerabilities can lead to a loss of trust in the token and the broader cryptocurrency market.
• The incident highlights the ongoing challenges of cybersecurity in the crypto space and the importance of robust security measures to protect digital assets.

20.10.2024 - ARKM Crypto was up 6.4%

• ARKM's bullish movement could be attributed to the launch of spot trading on Arkham Exchange, specifically for US users, sparking increased interest and investment in the token.
• The news of the Bhutan Government moving Bitcoin to Binance Exchange could have positively influenced the overall sentiment towards cryptocurrencies, including ARKM.
• The commencement of trading for popular tokens like Bitcoin, Dogecoin, and Solana on Arkham Exchange may have created a ripple effect, leading to a surge in trading volume and demand for other tokens like ARKM.
• The focus on restricted spot trading for US users on Arkham Exchange could indicate a strategic move to attract more investors from a key market, potentially driving up the value of tokens available on the platform, including ARKM.

20.10.2024 - ARKM Crypto was up 5.7%

• ARKM experienced a strong bullish movement today likely due to the launch of a spot trading platform in the US by Arkham Intelligence, providing more accessibility and trading opportunities for investors.
• The news of a spot trading platform launch restricted to US users by Arkham Exchange could have also contributed to the positive sentiment around ARKM, as it indicates a growing interest and demand for the token within the US market.
• Additionally, the involvement of the Bhutan Government moving Bitcoin to Binance Exchange might have boosted overall confidence in the cryptocurrency market, leading to increased investment in tokens like ARKM.
• The commencement of trading for popular cryptocurrencies like Bitcoin, Dogecoin, and Solana on Arkham Exchange could have created a positive ripple effect, benefiting ARKM as well.

09.10.2024 - ARKM Crypto was down 5.1%

• The bearish movement in ARKM today could be attributed to profit-taking by investors after a period of strong growth in the token's value.
• The launch of a perpetual futures exchange by Arkham may have initially sparked excitement in the market, but some investors might be concerned about the potential risks and uncertainties associated with derivatives trading.
• The focus on artificial intelligence could have diverted attention away from ARKM temporarily, leading to a decrease in demand and subsequent price drop.
• Overall, the bearish movement in ARKM today may be a combination of profit-taking, cautious sentiment towards derivatives trading, and temporary market distractions.

26.09.2024 - ARKM Crypto was down 6.9%

• The bearish movement in ARKM today could be attributed to the negative sentiment surrounding a hacker looting $20,000,000 from a US government-affiliated wallet, causing concerns about security and regulatory risks in the cryptocurrency space.
• Despite the hacker returning the majority of the stolen funds within 24 hours, the initial breach and the subsequent media attention likely influenced investor confidence in ARKM and the broader crypto market.
• Arkham's disclosure that Tesla's $765M in Bitcoin is still intact may have provided some reassurance to investors in the crypto space, but the overall impact on ARKM's price movement was eclipsed by the security breach news.

14.10.2024 - ARKM Crypto was down 8.7%

• ARKM experienced a strong bearish movement today amidst the overall volatility in the cryptocurrency market.
• The news of the Bhutan Government moving Bitcoin to Binance Exchange may have caused uncertainty and fear among investors, leading to a sell-off in various cryptocurrencies, including ARKM.
• The commencement of trading for popular tokens like Bitcoin, Dogecoin, and Solana on Arkham Exchange might have diverted attention and investment away from ARKM, contributing to its bearish trend.
• The focus on the top 3 Artificial Intelligence (AI) coins of the first week of November 2024 could have overshadowed ARKM's performance, leading to a decrease in demand and subsequent price decline.

21.10.2024 - ARKM Crypto was up 5.3%

• ARKM saw a strong bullish movement today as Arkham announced the launch of a new spot trading exchange in the US, increasing accessibility and trading opportunities for investors.
• The news of Arkham Exchange launching spot trading restricted to US users could have also contributed to the positive sentiment surrounding ARKM, hinting at potential growth and demand within the US market.
• The overall bullish trend in the cryptocurrency market, coupled with specific developments from Arkham, likely fueled investor optimism and buying interest in ARKM, driving its price upwards.
• The Bhutan government's move of Bitcoin to Binance exchange, while not directly related to ARKM, reflects the broader acceptance and integration of cryptocurrencies in traditional financial systems, further boosting confidence in the digital asset space.