Bitcoin, Ethereum, Dogecoin Decline As $100M Vanishes In A Single Day Amid Israel-Palestinian Conflict: Analyst Says ETH, BTC Are 'Getting Slaughtered'
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced significant losses on Monday due to a decline in digital asset prices and the escalating conflict in the Middle East. Over 42,778 traders were liquidated, resulting in a total of $114.94 million in liquidations. The largest individual liquidation occurred on Binance, involving the ETH/BUSD pair with a value of $4.53 million. Analysts predict that Bitcoin is likely to start its path towards $30K, while Ethereum and Bitcoin are 'getting slaughtered' with no bounce expected until lower areas are reached.
October 10, 2023 | 3:04 am
News sentiment analysis
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NEGATIVE IMPACT
Bitcoin experienced a significant loss due to the decline in digital asset prices and the escalating conflict in the Middle East. However, analysts predict that Bitcoin is likely to start its path towards $30K.
The news directly mentions Bitcoin and the significant loss it experienced due to the current market conditions. The prediction of the path towards $30K also directly impacts the short-term price direction of Bitcoin.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin experienced a significant loss due to the decline in digital asset prices and the escalating conflict in the Middle East.
The news directly mentions Dogecoin and the significant loss it experienced due to the current market conditions. This directly impacts the short-term price direction of Dogecoin.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Ethereum experienced a significant loss due to the decline in digital asset prices and the escalating conflict in the Middle East. Analysts predict that Ethereum is 'getting slaughtered' with no bounce expected until lower areas are reached.
The news directly mentions Ethereum and the significant loss it experienced due to the current market conditions. The prediction of 'getting slaughtered' with no bounce expected until lower areas are reached also directly impacts the short-term price direction of Ethereum.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100