Bitcoin Falls Below This Key Level; Compound, Aave Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum traded lower, falling below key levels of $29,000 and $1,900 respectively. The global crypto market cap fell to $1.17 trillion, a 24-hour decline of 1.6%. Compound and Aave were among the biggest losers, while Bone ShibaSwap was the top gainer.
August 01, 2023 | 3:02 pm
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NEGATIVE IMPACT
Aave was among the biggest losers in the crypto market.
Aave's significant price drop indicates a bearish trend, which could lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Bitcoin traded lower, falling below the key $29,000 level.
Bitcoin's price falling below a key level indicates a bearish trend, which could lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Compound was among the biggest losers in the crypto market.
Compound's significant price drop indicates a bearish trend, which could lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ethereum traded lower, falling below the key $1,900 level.
Ethereum's price falling below a key level indicates a bearish trend, which could lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100