Bitcoin Tops $35,000 Following Jobless Claims Data; PancakeSwap Emerges As Top Gainer
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum traded higher, with Bitcoin surpassing the $35,000 mark and Ethereum rising past $1,800. PancakeSwap was the top gainer over the past 24 hours, while THORChain was the biggest loser. U.S. initial jobless claims increased by 5,000 to 217,000 in the week ending Oct. 28, compared to market estimates of 210,000. The global crypto market cap rose to $1.3 trillion, recording a 24-hour gain of 2.3%.
November 02, 2023 | 1:59 pm
News sentiment analysis
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NEGATIVE IMPACT
THORChain was the biggest loser over the past 24 hours.
THORChain's price decrease is likely due to negative market sentiment towards the cryptocurrency.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bitcoin traded higher, surpassing the $35,000 mark.
The rise in Bitcoin's price is likely due to the increase in jobless claims, which may have led investors to seek alternative investments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PancakeSwap was the top gainer over the past 24 hours.
PancakeSwap's price increase is likely due to positive market sentiment towards the cryptocurrency.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum traded higher, rising past the $1,800 mark.
The rise in Ethereum's price is likely due to the increase in jobless claims, which may have led investors to seek alternative investments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100