Ethereum Tops $1,800 Following Economic Data; Gala, Dogecoin Among Top Gainers
Portfolio Pulse from Lisa Levin
Ethereum (ETH) traded above the key $1,800 mark, while Bitcoin (BTC) traded slightly lower but above the $34,000 level. Gala (GALA) was the top gainer over the prior 24 hours, while Solana (SOL) was the biggest loser. The U.S. economy grew an annualized 4.9% in Q3, higher than market expectations of 4.3%. The global crypto market cap rose to $1.27 trillion, recording a 24-hour gain of 0.6%.
October 26, 2023 | 1:34 pm
News sentiment analysis
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NEGATIVE IMPACT
Solana was the biggest loser over the prior 24 hours.
Solana's price decrease indicates a negative market sentiment towards the cryptocurrency, which could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Bitcoin traded slightly lower but above the $34,000 level.
Despite a slight decrease, Bitcoin's price remains above the $34,000 level, indicating a stable market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum traded above the key $1,800 mark.
Ethereum's price increase indicates a positive market sentiment towards the cryptocurrency, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Gala was the top gainer over the prior 24 hours.
Gala's significant price increase indicates a strong market sentiment towards the cryptocurrency, which could lead to further price increases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100