Bitcoin, Ethereum Edge Lower; Pyth Network Becomes Top Loser
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced slight declines, trading below $43,000 and $2,300 respectively. Conflux was the top gainer, while Pyth Network was the biggest loser in the past 24 hours. The global crypto market cap decreased by 0.5% to $1.63 trillion. Notable gainers include Manta Network, Sui, Flare, and IOTA, while losers alongside Pyth Network are Mantle, BitTorrent (New), Bonk, and Akash Network.
January 29, 2024 | 2:33 pm
News sentiment analysis
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NEGATIVE IMPACT
Bitcoin trades below the key $43,000 level with a minor 0.3% decrease, indicating a slight bearish sentiment in the short term.
Bitcoin's trading below a key psychological level often indicates bearish sentiment, which could lead to a short-term negative impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum sees a small decline, trading below the $2,300 mark, which could suggest a short-term bearish outlook.
Ethereum's price below a significant level may lead to a negative perception among investors, potentially causing a short-term price drop.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80