Bitcoin Falls But Remains Above This Key Level; Compound, Sui Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum traded lower but remained above key levels of $29,000 and $1,900 respectively. The global crypto market cap fell to $1.16 trillion, a 24-hour decline of 1.6%. XDC Network was the top gainer while Compound was the biggest loser. Other notable losers included Sui, Litecoin, Stellar, and Bitcoin SV.
August 04, 2023 | 1:30 pm
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NEGATIVE IMPACT
Bitcoin traded lower but remained above the key $29,000 level.
Bitcoin's price drop could lead to a negative short-term impact on its stock. However, it remaining above the key $29,000 level might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Compound was the biggest loser in the crypto market.
Compound's significant loss could lead to a negative short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum traded lower, below the key $1,900 mark.
Ethereum's price drop could lead to a negative short-term impact on its stock. It trading below the key $1,900 mark might exacerbate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Litecoin was among the top losers in the crypto market.
Litecoin's significant loss could lead to a negative short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellar was among the top losers in the crypto market.
Stellar's significant loss could lead to a negative short-term impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100