Ethereum Tops $1,700 Following Economic Data; Stacks Emerges As Top Gainer
Portfolio Pulse from Lisa Levin
Cryptocurrency prices are on the rise, with Ethereum (ETH) trading above the $1,700 mark and Bitcoin (BTC) above $27,000. The U.S. economy expanded at an annualized pace of 2.1% in Q2 2023, slightly below the preliminary reading of 2.4%. Stacks (STX) was the top gainer over the past 24 hours, while Astar (ASTR) was the biggest loser. The global crypto market cap rose to $1.09 trillion, recording a 24-hour gain of 4.4%.
August 30, 2023 | 1:38 pm
News sentiment analysis
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NEGATIVE IMPACT
Astar (ASTR) was the biggest loser over the past 24 hours.
The drop in Astar's price suggests a negative market sentiment towards this cryptocurrency, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bitcoin (BTC) is trading above $27,000, indicating a positive trend.
The rise in Bitcoin's price suggests a positive market sentiment towards this cryptocurrency, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum (ETH) is trading above the $1,700 mark, indicating a positive trend.
The rise in Ethereum's price suggests a positive market sentiment towards this cryptocurrency, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Stacks (STX) was the top gainer over the past 24 hours.
The significant gain in Stacks' price suggests a strong market sentiment towards this cryptocurrency, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100