Ethereum Tops $1,800 Following US PMI Data; Mina Emerges As Top Gainer
Portfolio Pulse from Lisa Levin
Cryptocurrency prices, including Bitcoin (BTC) and Ethereum (ETH), traded higher on Tuesday, with BTC surpassing $34,000 and ETH exceeding $1,800. This follows the increase in the US S&P Global Manufacturing PMI to 50 in October, higher than market expectations. Mina (MINA) was the top gainer over the past 24 hours, while PAX Gold (PAXG) was the biggest loser. The global crypto market cap rose to $1.27 trillion, recording a 24-hour gain of 9.8%.
October 24, 2023 | 1:55 pm
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NEGATIVE IMPACT
PAX Gold was the biggest loser over the past 24 hours.
PAX Gold's price has decreased over the past 24 hours, making it the biggest loser. This could be due to a variety of factors, including negative market sentiment and decreased investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bitcoin traded higher, surpassing the $34,000 level.
The rise in Bitcoin's price is likely due to the positive US PMI data, which exceeded market expectations. This has increased investor confidence in the market, leading to a rise in the price of Bitcoin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum traded higher, surpassing the $1,800 mark.
The rise in Ethereum's price is likely due to the positive US PMI data, which exceeded market expectations. This has increased investor confidence in the market, leading to a rise in the price of Ethereum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mina was the top gainer over the past 24 hours.
Mina's price has increased significantly over the past 24 hours, making it the top gainer. This could be due to a variety of factors, including positive market sentiment and increased investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100