Bitcoin Tumbles Below $25,000 Following Fed's Decision; Injective, Aave Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum prices fell below $25,000 and $1,700, respectively, following the Federal Reserve's decision to hold interest rates steady. The global crypto market cap declined by 4.2% to $1.01 trillion. Trust Wallet Token was the top gainer, while Injective and Aave were among the top losers.
June 15, 2023 | 1:45 pm
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POSITIVE IMPACT
Trust Wallet Token price gains 6% in the past 24 hours, making it the top gainer in the cryptocurrency market.
Trust Wallet Token's price increase may be attributed to its strong performance despite the overall negative sentiment in the cryptocurrency market following the Federal Reserve's decision to hold interest rates steady.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Aave price drops by 11.4% in the past 24 hours, making it one of the top losers in the cryptocurrency market.
Aave's price decline may be attributed to the overall negative sentiment in the cryptocurrency market following the Federal Reserve's decision to hold interest rates steady.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bitcoin price falls below $25,000 following the Federal Reserve's decision to hold interest rates steady.
The Federal Reserve's decision to hold interest rates steady has led to a decline in Bitcoin's price, as investors may be concerned about the potential impact of future rate hikes on the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ethereum price falls below $1,700 following the Federal Reserve's decision to hold interest rates steady.
The Federal Reserve's decision to hold interest rates steady has led to a decline in Ethereum's price, as investors may be concerned about the potential impact of future rate hikes on the cryptocurrency market.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Injective price drops by 12% in the past 24 hours, making it the biggest loser in the cryptocurrency market.
Injective's price decline may be attributed to the overall negative sentiment in the cryptocurrency market following the Federal Reserve's decision to hold interest rates steady.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100