Ethereum Falls Below $3,700; Bitcoin SV, Injective Among Top Losers
Portfolio Pulse from Avi Kapoor
Cryptocurrency market sees a significant decline with Ethereum and Bitcoin leading the losses, trading below key levels of $3,700 and $68,000 respectively. Conflux emerges as the top gainer, while Bitcoin SV records the largest loss. The global crypto market cap drops by 6.2% to $2.57 trillion.
March 15, 2024 | 1:34 pm
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NEGATIVE IMPACT
Bitcoin SV emerges as the biggest loser with a 20.3% drop to $88.93.
Bitcoin SV's significant loss positions it as the most negatively impacted asset in the short term, reflecting investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
NEGATIVE IMPACT
Bitcoin trades lower by 7.1% at $67,472, falling below the $68,000 level.
Bitcoin's decline below a significant price level, alongside a general market downturn, indicates a negative short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Ethereum falls below the key $3,700 mark, recording a 6.4% loss to $3,674.
Ethereum's significant drop below a key price level, in the context of a broader market decline, suggests a negative short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Injective experiences a 15.8% decline, trading at $42.63.
Injective's notable drop contributes to its negative short-term outlook, influenced by the broader market's performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85