- Amid the bullish momentum in the crypto market, Arbitrum (ARB) soared around 5%, pushing its price above $0.106 and its market capitalization to $637 million.
- The upward trend was witnessed after yesterday’s ceasefire announcement in the U.S.-Iran war, which helped Bitcoin (BTC) to surpass the $72,000 mark.
- The Layer-2 network is continuously expanding its reach through new partnerships and upgrades, making it more efficient.
On April 8, one of the leading Layer-2 cryptocurrencies, Arbitrum, gained an upward momentum, helping the cryptocurrency to soar above 5%.
The spike in cryptocurrency was seen amid the bullish momentum in the overall crypto market, where Bitcoin (BTC) managed to break above a major resistance level of $71,000.
At present, Arbitrum (ARB) is hovering around $0.1054 with a market capitalization of $637 million, according to CoinMarketCap.
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