Bitcoin Rises But Remains Below This Key Level; Bitcoin Cash, Compound Among Top Gainers
Portfolio Pulse from Lisa Levin
Bitcoin (BTC) traded higher but remained below the key $31,000 level, while Ethereum (ETH) stayed almost flat below $1,900. Bitcoin Cash (BCH) and Compound (COMP) were among the top gainers, while BitDAO (BIT) was the biggest loser. The global crypto market cap rose to $1.19 trillion, recording a 24-hour gain of 0.7%.
June 27, 2023 | 1:34 pm
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NEUTRAL IMPACT
Bitcoin traded higher but remained below the key $31,000 level.
Bitcoin's price increase is a positive sign, but it remains below the key $31,000 level, which may indicate uncertainty in the market. This could lead to a neutral short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ethereum remained almost flat, trading below the key $1,900 mark.
Ethereum's price staying almost flat and trading below the key $1,900 level indicates a lack of significant movement in the market. This could lead to a neutral short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bitcoin Cash was the top gainer over the prior 24 hours, with a 19.8% increase in price.
Bitcoin Cash's significant price increase of 19.8% over the past 24 hours indicates strong positive momentum in the market. This could lead to a positive short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Compound experienced an 11.1% increase in price over the past 24 hours.
Compound's 11.1% price increase over the past 24 hours indicates positive momentum in the market. This could lead to a positive short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100