Bitcoin Moves Lower Following PPI Data; XDC Network Becomes Top Loser
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum prices moved lower, trading below $27,200 and $1,600 respectively. The U.S. Producer Price Index (PPI) increased 0.5% month-over-month in September, above market expectations of 0.3%. The global crypto market cap fell to $1.06 trillion, a 24-hour decline of 0.6%. Render was the top gainer, while XDC Network was the biggest loser.
October 11, 2023 | 1:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lido DAO price increased by 2.3%.
The news directly mentions an increase in Lido DAO price, which is likely to impact its short-term performance positively.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Maker price increased by 2.9%.
The news directly mentions an increase in Maker price, which is likely to impact its short-term performance positively.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
eCash price increased by 3%.
The news directly mentions an increase in eCash price, which is likely to impact its short-term performance positively.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Cosmos price dropped by 3.7%.
The news directly mentions a drop in Cosmos price, which is likely to impact its short-term performance negatively.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Bitcoin price moved lower, trading below $27,200.
The news directly mentions a drop in Bitcoin price, which is likely to impact its short-term performance negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum price edged lower, trading below $1,600.
The news directly mentions a drop in Ethereum price, which is likely to impact its short-term performance negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IOTA price dropped by 4.1%.
The news directly mentions a drop in IOTA price, which is likely to impact its short-term performance negatively.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100