Bitcoin Falls Below $37,000; Blur, Gas Among Top Losers
Portfolio Pulse from Lisa Levin
Bitcoin and Ethereum experienced declines, with Bitcoin falling below the $37,000 mark and Ethereum staying above $2,000. Terra Classic was the top gainer, while Blur faced the largest loss in the past 24 hours. The global crypto market cap decreased by 1.9% to $1.41 trillion. Notable losers included Gas, FTX Token, Mina, and VeChain, with drops ranging from 6.4% to 10.5%.
November 27, 2023 | 2:32 pm
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NEGATIVE IMPACT
Blur experienced the largest loss among cryptocurrencies, with a 10.5% decrease in its price.
Blur's significant drop could lead to bearish sentiment in the short term, potentially causing further declines in its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bitcoin fell below the key $37,000 level, trading lower by 1.6% at $36,968.
Bitcoin's fall below a key psychological level of $37,000 is a bearish signal that may lead to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ethereum recorded losses but remained above the $2,000 mark, with a 2.6% decrease to $2,025.
Ethereum's loss is notable but staying above the $2,000 level may provide some support, although the short-term impact is still negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Terra Classic emerged as the top gainer with a 39.4% increase in the last 24 hours.
Terra Classic's significant gain positions it as a strong performer, likely attracting investor interest and potentially continuing its upward trajectory in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80