Bitcoin Drops But Remains Above This Key Level; Optimism, Conflux Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum experienced declines but remained above key levels of $27,000 and $1,800, respectively. The global crypto market cap fell to $1.14 trillion, with a 24-hour decline of 2.6%. XDC Network was the top gainer, while Optimism and Conflux were among the top losers.
May 31, 2023 | 2:13 pm
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NEGATIVE IMPACT
Bitcoin experienced a decline but remained above the key $27,000 level.
The decline in Bitcoin's price may lead to short-term negative sentiment among investors, causing the price to potentially decrease further. However, it remains above the key $27,000 level, which may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum recorded losses but traded above the key $1,800 mark.
Ethereum's decline may also lead to short-term negative sentiment among investors, causing the price to potentially decrease further. However, it remains above the key $1,800 level, which may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100