Bitcoin Falls Below $71,000 Data; Wormhole, Core Among Top Losers
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced declines, with Bitcoin falling below the $71,000 mark and Ethereum remaining above $3,600. The global crypto market cap decreased by 1.4% to $2.66 trillion. Toncoin was the top gainer, while Wormhole was the biggest loser among cryptocurrencies over the past 24 hours.
April 09, 2024 | 1:33 pm
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POSITIVE IMPACT
Toncoin emerged as the top gainer with an 18% increase over the past 24 hours.
Toncoin's significant gain positions it as a strong performer, likely attracting investor interest and potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Ethereum saw a minor decrease but stayed above the $3,600 mark.
Ethereum's minor decrease with retention above a key level suggests a neutral short-term impact, as the market may view this stability positively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bitcoin fell below the $71,000 level, experiencing a 2.2% decrease.
Bitcoin's drop below a significant price level like $71,000 can trigger negative sentiment among investors, potentially leading to short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Core experienced a 10.4% drop, making it one of the top losers.
Core's significant drop could deter investors, leading to a negative short-term outlook for its price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60