Bitcoin Tops $43,000 Following Jobs Data; Pyth Network Emerges As Top Gainer
Portfolio Pulse from Avi Kapoor
Bitcoin surpassed the $43,000 mark following positive U.S. jobs data, with Ethereum also seeing gains. Pyth Network emerged as the top gainer, while FTX Token was the biggest loser. The global crypto market cap increased by 2.1% to $1.65 trillion.
February 02, 2024 | 2:38 pm
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NEGATIVE IMPACT
FTX Token emerged as the biggest loser, with its price dropping by 8.1% to $1.90 in the last 24 hours.
FTX Token's significant drop in price positions it as the biggest loser, which could be due to market corrections or specific negative sentiment towards FTT.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Bitcoin surpassed the $43,000 level, trading higher by 2.3% at $43,150 following positive U.S. jobs data.
The positive U.S. jobs data likely contributed to increased investor confidence in cryptocurrencies, leading to a rise in Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Ethereum also recorded gains, trading above the $2,300 mark, specifically at $2,309, following the positive jobs report.
The overall positive sentiment in the crypto market, bolstered by the U.S. jobs data, has also positively impacted Ethereum's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Pyth Network was the top gainer, with a 24-hour gain of 28.7%, trading at $0.5208.
Pyth Network's significant gain positions it as the top gainer, likely due to positive developments or investor sentiment towards PYTH.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90