Bitcoin Falls Below $66,000; Axelar Becomes Top Loser
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced significant losses, falling below $66,000 and $3,400 respectively. The global crypto market cap decreased by 5.8% to $2.48 trillion. Core was the top gainer, while Axelar was the biggest loser among cryptocurrencies over the past 24 hours.
April 02, 2024 | 1:44 pm
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NEGATIVE IMPACT
Axelar experienced the largest loss among cryptocurrencies, with a 24-hour drop of 14.1%.
As the biggest loser in the last 24 hours, Axelar's significant drop indicates a strong bearish sentiment, likely affecting its short-term price negatively.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Bitcoin fell below the key $66,000 level, trading lower by 5.8% at $65,655.
Bitcoin's significant drop below a key psychological level of $66,000 indicates a bearish sentiment in the short term, likely leading to a negative impact on its price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ethereum recorded losses, falling below the $3,400 mark to $3,316, a 6.6% decrease.
Ethereum's fall below a significant level of $3,400 with a 6.6% decrease suggests a short-term negative outlook, potentially leading to further declines.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Core was the top gainer in the crypto market, with a 24-hour gain of 14.2%.
Core's position as the top gainer with a significant 24-hour increase suggests positive market sentiment towards it, likely leading to a short-term bullish impact on its price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90