As Bitcoin fell below $30,000, the price of Arbitrum dropped by more than 12% in the last 24 hours, dragging other altcoins with it.

Arbitrum (ARB) lost 12.69% in the last 24 hours, according to CryptoSlate data, reversing its recent surge.

The decline occurred at the same time that Bitcoin (BTC) also fell below the $30,000 mark, bringing with it a number of other cryptocurrencies, including ARB.

Seven days before the hour of composing, on April 12, ARB was being exchanged at around $1.167. After that, the token began to rise, reaching a high of $1.795 on April 18, representing an increase of more than 53% in just six days.

Whales were also able to see the surge. According to data from April 18, whales traded ARB from April 10 to April 17.

23 whale accounts had more than a million ARB tokens in them as of April 18. Nine whale wallets purchased 12.4 million ARB tokens worth between $1.2 and $1.5 during the week. Between $1.37 and $1.69, three whales sold for a total of 22.8 million ARB.

Notwithstanding, in spite of the week by week flood in ARB costs, CryptoSlate information demonstrates that the symbolic cost is 94.18% lower than 30 days prior.

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BTC flash crash

BTC fell below $30,000. This occurred on April 19 at 7:00 UTC. The data from Vipkhoone show that BTC’s performance over the past 24 hours has decreased by 2.21 percent.

BTC soared as high as $30,963 on April 14. It is being traded for $29,255 at the time of writing, a 5.5% decrease.

Meanwhile, among the top 100 altcoins, Dash lost 4.4%, MultiversX lost 4.1%, and CurveDAO lost 4% in the aftermath of the flash crash.