Bitcoin Falls Below $63,000; Conflux, Maker Among Top Losers
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced declines, trading below $63,000 and $3,200 respectively. The global crypto market cap fell by 2.5% to $2.31 trillion. Helium was the top gainer, while Conflux was the biggest loser among the cryptocurrencies mentioned.
April 29, 2024 | 1:30 pm
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NEGATIVE IMPACT
Bitcoin fell below the key $63,000 level, experiencing a 1.8% decrease to $62,347.
Bitcoin's drop below a significant price level and its role as a market leader suggest a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Conflux emerged as the biggest loser, with its price dropping 12.5% to $0.2229.
As the biggest loser in the reported period, Conflux's significant drop suggests a strong negative short-term impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum recorded losses, trading below the $3,200 mark with a 3.6% decrease to $3,165.
Ethereum's significant drop contributes to the overall market decline, indicating a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90