Bitcoin Tops $66,000 Following Jobless Claims Data; Ethena Emerges As Top Gainer
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum saw gains, with Bitcoin surpassing the $66,000 mark and Ethereum trading above $3,300. Ethena emerged as the top gainer, while Core was the biggest loser in the crypto market. The rise in cryptocurrency prices followed an increase in U.S. jobless claims. The global crypto market cap rose to $2.51 trillion, marking a 0.6% increase over 24 hours.
April 04, 2024 | 1:56 pm
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Bitcoin surpassed the $66,000 level, trading higher by 0.7% at $66,171.
Bitcoin's rise above the $66,000 mark, especially in the context of rising U.S. jobless claims, indicates strong market sentiment and could lead to short-term bullish behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ethereum recorded gains, trading above the $3,300 mark with a 1.1% increase to $3,336.
Ethereum's gain and trading above the $3,300 level reflect positive market momentum, likely leading to continued short-term appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90