Bitcoin, Ethereum, Dogecoin Rise In Sync With Stock Markets: Analyst Warns ETH 'Coming Home' Before Touching All-Time Highs
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced gains on Wednesday, aligning with the surge in traditional markets. Bitcoin reached a peak of over $26,600, setting a new high for the week. Ethereum is expected to undergo a significant drop before reaching new all-time highs, according to crypto analyst Benjamin Cowen. The global crypto market capitalization stands at $1.06 trillion, a 1.44% increase in the last day. Stocks also closed higher on Wednesday, with the S&P 500 and Nasdaq Composite seeing strong gains.
August 24, 2023 | 2:42 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bitcoin reached a new high for the week, aligning with the surge in traditional markets.
The news of Bitcoin reaching a new high for the week is directly related to its price and is likely to have a positive impact on it in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dogecoin experienced gains on Wednesday, aligning with the surge in traditional markets.
The news of Dogecoin experiencing gains is directly related to its price and is likely to have a positive impact on it in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum is expected to undergo a significant drop before reaching new all-time highs, according to crypto analyst Benjamin Cowen.
The prediction of a significant drop in Ethereum's price by a crypto analyst is likely to have a negative impact on its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100