Bitcoin, Ethereum Record Losses; GateToken Becomes Top Loser
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum recorded losses, with Bitcoin trading below $27,000 and Ethereum above $1,800. GateToken was the biggest loser among cryptocurrencies, while XDC Network was the top gainer. The global crypto market cap fell to $1.13 trillion, a 24-hour decline of 0.5%.
June 01, 2023 | 1:33 pm
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NEGATIVE IMPACT
Bitcoin traded lower, with prices below $27,000, contributing to a 0.5% decline in the global crypto market cap.
Bitcoin's price decline directly impacts its value and the overall crypto market cap. As the leading cryptocurrency, its performance influences investor sentiment and the market.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ethereum recorded losses but remained above the key $1,800 mark, contributing to the 0.5% decline in the global crypto market cap.
Ethereum's price decline also impacts its value and the overall crypto market cap. As the second-largest cryptocurrency, its performance influences investor sentiment and the market.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100