Arbitrum Price Secures $5 Support with Franklin Templeton’s Treasury Integration

Arbitrum price plunged 0.78% to $0.585 during the U.S. trading session on Wednesday. The crypto market is still struggling to maintain a stable bullish recovery as Bitcoin wavers around the $60000 psychological market. Amid the volatile market, the ARB price managed to reclaim $5 support as Franklin Templeton launched its OnChain U.S. Government Money Fund (FOBXX) on the Arbitrum blockchain.