Bitcoin, Ethereum Move Lower; SATS, Mantle Among Top Losers
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced declines, with Bitcoin falling below $62,000 and Ethereum staying above $3,400. The global crypto market cap dropped to $2.3 trillion, a 1.5% decrease. Axelar was the top gainer, while SATS and Mantle were among the top losers. The article also lists other significant gainers and losers in the cryptocurrency market over the past 24 hours.
March 01, 2024 | 2:37 pm
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NEGATIVE IMPACT
Bitcoin fell below the key $62,000 level, trading lower by 2.2% at $61,895.
Bitcoin's drop below a significant price level and a 2.2% decrease in its trading price indicate a negative short-term impact on its value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Ethereum recorded losses but remained above the $3,400 mark, falling around 3.1% to $3,404.
Despite Ethereum's loss, staying above the $3,400 mark shows resilience, but the 3.1% decrease suggests a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90