Bitcoin Tops $27,000 After PCE Data; Pepe Emerges As Top Gainer
Portfolio Pulse from Lisa Levin
Bitcoin (BTC) traded above $27,000 on Friday, while Ethereum (ETH) traded below the $1,700 mark. Core PCE prices in the U.S. rose by 0.1% month-over-month in August, the least since Nov. 2020. Pepe (PEPE) was the top gainer over the prior 24 hours, while Maker (MKR) was the biggest loser. The global crypto market cap rose to $1.08 trillion, recording a 24-hour gain of 2%.
September 29, 2023 | 2:06 pm
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NEGATIVE IMPACT
Ethereum traded below the $1,700 mark.
Ethereum's price decrease indicates a negative market sentiment which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Maker was the biggest loser over the prior 24 hours.
Maker's price decrease indicates a negative market sentiment which could lead to further price decreases in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Bitcoin traded above $27,000 on Friday.
Bitcoin's price increase indicates a positive market sentiment which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pepe was the top gainer over the prior 24 hours.
Pepe's price increase indicates a positive market sentiment which could lead to further price increases in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100