Bitcoin Falls Below $64,000; Starknet, Bittensor Among Top Losers
Portfolio Pulse from Avi Kapoor
Bitcoin and Ethereum experienced losses, with Bitcoin falling below the $64,000 mark and Ethereum trading below $3,100. The global crypto market cap decreased by 1.4% to $2.34 trillion. AIOZ Network was the top gainer, while Starknet was the biggest loser among cryptocurrencies over the past 24 hours.
May 07, 2024 | 1:32 pm
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NEGATIVE IMPACT
Bitcoin fell below the $64,000 level, experiencing a 1.1% decrease to trade at $63,498.
Bitcoin's fall below a significant price level such as $64,000 can trigger negative sentiment among investors, potentially leading to short-term price declines.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Ethereum also recorded losses, trading below the $3,100 mark at $3,065, a 2.7% decrease.
Ethereum's drop below a critical support level like $3,100 could further contribute to bearish market sentiment, affecting its short-term price negatively.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100