Ethereum Falls After Jobless Claims Data; ApeCoin Becomes Top Loser
Portfolio Pulse from Lisa Levin
Bitcoin (BTC) traded above $28,400 while Ethereum (ETH) fell below $1,600 after U.S. jobless claims data showed a decline. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while ApeCoin (APE) was the biggest loser. The global crypto market cap fell to $1.08 trillion, a 24-hour decline of 0.5%.
October 19, 2023 | 1:30 pm
News sentiment analysis
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NEGATIVE IMPACT
ApeCoin (APE) was the biggest loser over the past 24 hours.
ApeCoin's price drop could be due to negative market sentiment towards the cryptocurrency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Ethereum (ETH) traded lower, below the $1,600 mark.
The decline in Ethereum's price could be due to the overall decline in the global crypto market cap.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Bitcoin SV (BSV) was the top gainer over the past 24 hours.
Bitcoin SV's price increase could be due to positive market sentiment towards Bitcoin and related cryptocurrencies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Bitcoin (BTC) traded higher, above the $28,400 level.
The news of the decline in U.S. jobless claims could have led to increased confidence in the economy, potentially driving up the price of Bitcoin.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100