Bitcoin, Ethereum Move Lower; Bonk, Dymension Among Top Losers
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced declines, with Bitcoin staying above $47,000 and Ethereum above $2,400. The global crypto market cap dropped by 1.3% to $1.79 trillion. Immutable was the top gainer, while Bonk was the biggest loser among cryptocurrencies. Other notable gainers include Bitcoin Cash, Mina, Klaytn, and Gnosis, with Dymension, Manta Network, Ronin, and dYdX listed as top losers.
February 12, 2024 | 2:34 pm
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NEGATIVE IMPACT
Bonk experienced the largest loss among cryptocurrencies, dropping by 9.1% in the last 24 hours.
As the biggest loser in the last 24 hours, Bonk's significant drop suggests a negative short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Bitcoin experienced a slight decline of 0.7%, trading at $47,820, but remained above the $47,000 support level.
Bitcoin's slight decline is within normal market fluctuations and it remains above a significant support level, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Ethereum fell by approximately 1.8%, trading at $2,477, but maintained its position above the $2,400 mark.
Ethereum's decline is modest and it continues to trade above a key price level, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Immutable emerged as the top gainer with a 9% increase in the last 24 hours, trading at $2.96.
As the top gainer in the last 24 hours, Immutable's significant increase suggests a positive short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80