Bitcoin Falls Below $51,000; Starknet Becomes Top Loser
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced declines, with Bitcoin falling below the $51,000 mark and Ethereum below $2,900. The global crypto market cap dropped by 2.2% to $1.93 trillion. Siacoin emerged as the top gainer, while Starknet was the biggest loser among the cryptocurrencies mentioned. The article also lists other top gainers and losers in the crypto market over the past 24 hours.
February 21, 2024 | 3:06 pm
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POSITIVE IMPACT
Siacoin emerged as the top gainer with a 24-hour gain of 10.6%, priced at $0.01593.
Siacoin's significant gain positions it as a strong performer in the short term, likely attracting more investor interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Bitcoin fell below the key $51,000 level, trading lower by 2.1% at $50,898.
Bitcoin's fall below a significant price level indicates a negative short-term sentiment, likely leading to a decrease in its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ethereum recorded losses, trading below the key $2,900 mark at $2,888.
Ethereum's decline below a critical price point suggests a bearish outlook in the short term, potentially leading to further losses.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Starknet was the biggest loser, with a 24-hour drop of 33%, priced at $1.71.
Starknet's significant loss indicates a strong negative sentiment, likely resulting in a continued downtrend in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90