Bitcoin Tumbles Below $26,000, THORChain, Synthetix Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum recorded losses, trading below $26,000 and $1,700 respectively. The global crypto market cap fell to $1.05 trillion, a 24-hour decline of 1.1%. Optimism was the top gainer over the past 24 hours, while THORChain was the biggest loser.
August 21, 2023 | 1:56 pm
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NEGATIVE IMPACT
Bitcoin traded below $26,000, a 0.9% decrease.
Bitcoin's price decrease is likely to negatively impact its short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum traded below $1,700, a 0.4% decrease.
Ethereum's price decrease is likely to negatively impact its short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
THORChain experienced a 7.1% drop in price.
THORChain's significant price decrease is likely to negatively impact its short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Optimism experienced a 1.5% increase in price.
Optimism's price increase is likely to positively impact its short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100