Bitcoin, Ethereum Record Losses Following Jobs Data; Pepe, Fantom Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum recorded losses, with Bitcoin remaining above $30,000 and Ethereum trading below $1,900. This follows the U.S. economy adding 209,000 jobs in June, the lowest reading since Dec. 2020. eCash was the top gainer over the prior 24 hours, while Pepe was the biggest loser. The global crypto market cap fell to $1.17 trillion, a 24-hour decline of 3.2%.
July 07, 2023 | 1:32 pm
News sentiment analysis
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NEGATIVE IMPACT
Bitcoin recorded losses but remained above $30,000.
The news of Bitcoin's loss is directly related to its price and is likely to negatively impact it in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ethereum recorded losses and is trading below the key $1,900 mark.
The news of Ethereum's loss is directly related to its price and is likely to negatively impact it in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Pepe was the biggest loser over the prior 24 hours.
The news of Pepe's loss is directly related to its price and is likely to negatively impact it in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
eCash was the top gainer over the prior 24 hours.
The news of eCash's gain is directly related to its price and is likely to positively impact it in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100