Scroll’s price has dropped significantly, currently trading at $0.896, representing a 23.8% drop in the last 24 hours. This drop has led to a market cap of $170.24 million, with a 24-hour trading volume of $254.63 million.
*Major Factors Contributing to the Drop*
- _Market Sentiment_: The cryptocurrency market is experiencing a slowdown, with major coins such as Bitcoin and Ethereum also facing losses.
- _Technical Indicators_: Scroll’s Relative Strength Index (RSI) suggests waning buying pressure.
- _Regulatory Uncertainty_: Increased regulatory scrutiny may be impacting investor confidence. *Scroll All-Time High and Low*
Scroll reached its All-Time High (ATH) of $1.44 on October 16, 2024, and its All-Time Low (ATL) of $0.881 on October 23, 2024.
*Market Analysis*
The cryptocurrency market is highly volatile, and Scroll price fluctuations are not uncommon. However, the current drop can be attributed to market speculation, investor sentiment, and potential selling pressure.
*Additional Information*
For more detailed information and updates on Scroll, you can visit websites such as Ticker or CoinMarketCap.