Bitcoin, Ethereum Edge Lower Following Jobless Claims Data; GMX, Astar Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum recorded losses but remained above key levels. U.S. initial jobless claims fell by 4,000 to 228,000, better than market estimates of 235,000. The global crypto market cap fell to $1.08 trillion, a 24-hour decline of 0.8%. Maker was the top gainer, while GMX and Astar were among the biggest losers.
August 31, 2023 | 2:11 pm
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NEGATIVE IMPACT
Bitcoin recorded losses but remained above the $27,000 level.
Bitcoin's price fell but remained above a key level, indicating a potential resistance point. This could lead to short-term downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ethereum also recorded losses but traded above the key $1,700 mark.
Ethereum's price fell but remained above a key level, indicating a potential resistance point. This could lead to short-term downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Synthetix recorded a 24-hour drop of 4.5%.
Synthetix's price fell significantly over the past 24 hours, indicating a bearish short-term trend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Solana recorded a 24-hour drop of 4%.
Solana's price fell significantly over the past 24 hours, indicating a bearish short-term trend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100