Bitcoin Drops Below $27,000; Pepe, Optimism Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin dropped below $27,000, while Ethereum remained above $1,800. SingularityNET was the top gainer, and Pepe was the biggest loser. The global crypto market cap fell to $1.13 trillion, with a 24-hour decline of 0.6%.
May 19, 2023 | 1:41 pm
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NEGATIVE IMPACT
Bitcoin dropped below the key $27,000 level, trading lower by 1.1% at $26,918.
Bitcoin's price drop below the key $27,000 level indicates a bearish sentiment in the short term, which could lead to further declines.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Ethereum edged lower but remained above the key $1,800 mark, trading at $1,817.
Ethereum's price remains above the key $1,800 level, indicating a neutral sentiment in the short term. The price could go either way depending on market factors.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100