Bitcoin Tops This Key Level Following Economic Data; Render Token Emerges As Top Gainer
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum prices rose, trading above $27,000 and $1,800 respectively, following positive US economic data. Render Token emerged as the top gainer in the past 24 hours, while Axie Infinity was the biggest loser.
May 18, 2023 | 1:42 pm
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POSITIVE IMPACT
Bitcoin price rose above $27,000 following positive US economic data.
Bitcoin's price increase is likely due to the positive US economic data, including a drop in jobless claims and an improvement in the Philadelphia Fed Manufacturing Index. This may have boosted investor confidence in the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum price rose above $1,800 following positive US economic data.
Ethereum's price increase is likely due to the positive US economic data, including a drop in jobless claims and an improvement in the Philadelphia Fed Manufacturing Index. This may have boosted investor confidence in the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Axie Infinity was the biggest loser in the past 24 hours, with a 2.5% drop in price.
Axie Infinity's price drop may be due to market fluctuations or specific factors affecting the project. However, it is important to monitor the asset for any further developments that could impact its price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100