Bitcoin, Ethereum Edge Higher Following Jobs Data; XDC Network Emerges As Top Gainer
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum edged higher following the release of US jobs data. The US economy added 187,000 jobs in July, slightly below market estimates. XDC Network was the top gainer in the crypto market over the past 24 hours, while Conflux was the biggest loser. The global crypto market cap rose to $1.17 trillion, recording a 24-hour gain of 0.1%.
August 04, 2023 | 3:29 pm
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POSITIVE IMPACT
Bitcoin edged higher, trading above the key $29,000 level.
The rise in Bitcoin price is likely due to the positive US jobs data, which could increase investor confidence in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum also moved slightly higher, trading above the key $1,800 mark.
The rise in Ethereum price is likely due to the positive US jobs data, which could increase investor confidence in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Conflux turned out to be the biggest loser in the crypto market over the past 24 hours.
The drop in Conflux price is likely due to market dynamics and investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100