Bitcoin Falls Below $43,000; Axie Infinity, Celestia Among Top Losers
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum have fallen below their key levels of $43,000 and $2,300 respectively. The global crypto market cap has decreased by 0.4% to $1.66 trillion. Axie Infinity (AXS) and Celestia (TIA) are among the top losers, while Sei (SEI) is the top gainer over the past 24 hours.
December 26, 2023 | 2:31 pm
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NEGATIVE IMPACT
Axie Infinity (AXS) is the biggest loser with a 7.9% drop in price, now at $10.00.
As one of the top losers, Axie Infinity's significant price drop could lead to a bearish outlook among investors in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bitcoin has fallen below the key $43,000 level, trading at $42,623, marking a 1.2% decrease.
Bitcoin's fall below a key psychological level often indicates bearish sentiment in the short term, potentially leading to further sell-offs.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Ethereum has also seen a decrease, trading below the key $2,300 mark at $2,242, a 1.6% fall.
Ethereum's drop below a significant support level could lead to further declines as investors may perceive this as a negative signal.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Celestia (TIA) experienced a 7.7% decrease in price, now trading at $13.57.
Celestia's notable drop in price reflects a negative trend that could continue in the short term, affecting investor sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70