Bitcoin Falls Below This Key Level Following Jobs Data; KuCoin Token Becomes Top Loser
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum prices fell below key levels of $26,000 and $1,700 respectively. The global crypto market cap fell to $1.05 trillion, recording a 24-hour decline of 3.6%. Toncoin was the top gainer over the prior 24 hours, while KuCoin Token was the biggest loser. The U.S. economy added 187,000 jobs in August, more than market expectations of 170,000, but the unemployment rate increased to 3.8% from 3.5%.
September 01, 2023 | 1:50 pm
News sentiment analysis
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NEGATIVE IMPACT
Bitcoin price fell below the key level of $26,000.
The news directly mentions that Bitcoin price fell below the key level of $26,000, which is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum price fell below the key level of $1,700.
The news directly mentions that Ethereum price fell below the key level of $1,700, which is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
KuCoin Token was the biggest loser over the prior 24 hours.
The news directly mentions that KuCoin Token was the biggest loser over the prior 24 hours, which is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100