Bitcoin, Ethereum Fall Following Jobless Claims Data; THORChain Becomes Top Loser
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced declines following the release of U.S. jobless claims data, which showed a decrease in claims. The global crypto market cap also fell by 0.8%. Siacoin was the top gainer, while THORChain was the biggest loser among cryptocurrencies over the past 24 hours. The jobless claims dropped to 187,000, lower than the expected 207,000.
January 18, 2024 | 2:33 pm
News sentiment analysis
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NEGATIVE IMPACT
THORChain becomes the top loser with a 12.3% drop in the last 24 hours, which could indicate a bearish short-term sentiment.
THORChain's significant drop makes it the biggest loser, which could lead to a negative short-term price impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Bitcoin remains above the key $42,000 level despite a 0.6% drop following the jobless claims data release.
Bitcoin's slight decline after the jobless claims data may not significantly impact its short-term price as it remains above a key support level.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Ethereum trades above $2,500, recording a 1.3% loss, potentially influenced by the jobless claims data.
Ethereum's modest loss, like Bitcoin's, may not have a significant short-term impact as it remains above a critical price point.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Siacoin emerges as the top gainer with a 9.2% increase over the past 24 hours, indicating positive short-term momentum.
Siacoin's position as the top gainer could attract more attention, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90