Bitcoin Falls Below $70,000; Flare, dogwifhat Among Top Losers
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced declines, with Bitcoin falling below $70,000 and Ethereum below $3,600. The global crypto market cap decreased by 2% to $2.62 trillion. Core was the top gainer, while Flare and dogwifhat were among the top losers. The article lists the top ten crypto gainers and losers over the past 24 hours.
April 01, 2024 | 2:46 pm
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NEGATIVE IMPACT
Bitcoin fell below the key $70,000 level, trading lower by 2.2% at $69,139.
The fall below a significant psychological level such as $70,000 could trigger sell-offs or short-term bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ethereum recorded losses, falling below the key $3,600 mark to $3,523, a drop of around 3%.
Falling below a key support level like $3,600 could lead to increased selling pressure and a negative outlook in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100