Bitcoin Edges Lower Following Economic Reports; Arweave Emerges As Top Gainer
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum edged lower but remained above key levels. The S&P CoreLogic Case-Shiller 20-city home price index climbed 2.2% YoY in August. Arweave was the top gainer over the past 24 hours, while Render was the biggest loser. The global crypto market cap rose to $1.28 trillion, recording a 24-hour gain of 0.1%.
October 31, 2023 | 1:37 pm
News sentiment analysis
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POSITIVE IMPACT
Cosmos was among the top gainers, with a 24-hour gain of 8%.
Cosmos' price increased significantly over the past 24 hours, indicating a positive market sentiment towards this asset.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
BitTorrent was among the top gainers, with a 24-hour gain of 9.8%.
BitTorrent's price increased significantly over the past 24 hours, indicating a positive market sentiment towards this asset.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
THORChain was among the top gainers, with a 24-hour gain of 9.8%.
THORChain's price increased significantly over the past 24 hours, indicating a positive market sentiment towards this asset.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
XRP was among the top gainers, with a 24-hour gain of 7.9%.
XRP's price increased significantly over the past 24 hours, indicating a positive market sentiment towards this asset.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Bitcoin edged lower but remained above the $34,500 level.
Bitcoin's price movement is often influenced by broader market trends and investor sentiment. Despite the slight decrease, it remains above a key level, indicating a potentially stable market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Ethereum also edged lower but traded above the key $1,800 mark.
Like Bitcoin, Ethereum's price is influenced by broader market trends and investor sentiment. Despite the slight decrease, it remains above a key level, indicating a potentially stable market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Aave was among the biggest losers, with a 24-hour drop of 3.7%.
Aave's price dropped significantly over the past 24 hours, indicating a negative market sentiment towards this asset.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Axie Infinity was among the biggest losers, with a 24-hour drop of 3.4%.
Axie Infinity's price dropped significantly over the past 24 hours, indicating a negative market sentiment towards this asset.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100