Bitcoin, Ethereum Fall Following Jobless Claims Data; Kava, Lido DAO Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum prices fell following the release of higher-than-expected US jobless claims data. The global crypto market cap declined by 1.5% to $1.1 trillion. Terra Classic was the top gainer, while Kava and Lido DAO were among the top losers.
June 08, 2023 | 1:43 pm
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NEGATIVE IMPACT
Bitcoin price fell but remained above $26,000 after higher US jobless claims data.
The higher-than-expected US jobless claims data has led to a decline in Bitcoin price, as investors may perceive this as a sign of economic uncertainty. This could lead to a short-term negative impact on Bitcoin price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum price recorded losses but traded above the key $1,800 mark after higher US jobless claims data.
Similar to Bitcoin, the higher-than-expected US jobless claims data has led to a decline in Ethereum price. Investors may perceive this as a sign of economic uncertainty, which could lead to a short-term negative impact on Ethereum price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100