Bitcoin Falls Sharply, Terra Classic, ApeCoin Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum recorded losses, with Bitcoin trading below the $29,100 level and Ethereum above the $1,800 mark. The global crypto market cap fell to $1.15 trillion, a 24-hour decline of 1.6%. Sei was the top gainer over the prior 24 hours, while Terra Classic was the biggest loser. Other notable losers include ApeCoin, Compound, GMX, and Conflux.
August 16, 2023 | 2:35 pm
News sentiment analysis
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NEGATIVE IMPACT
ApeCoin was among the top losers.
The news reports a significant decline in ApeCoin's price, which is likely to negatively impact its short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Bitcoin recorded losses, trading below the $29,100 level.
The news reports a decline in Bitcoin's price, which is likely to negatively impact its short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Conflux also recorded significant losses.
The news reports a significant decline in Conflux's price, which is likely to negatively impact its short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Compound also recorded significant losses.
The news reports a significant decline in Compound's price, which is likely to negatively impact its short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ethereum also recorded losses, but remained above the $1,800 mark.
The news reports a decline in Ethereum's price, which is likely to negatively impact its short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Terra Classic turned out to be the biggest loser.
The news reports a significant decline in Terra Classic's price, which is likely to negatively impact its short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100