Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $30,000 level on Wednesday following the release of inflation data.
The headline CPI came in at 5% year-on-year in March, down from 6% in February, according to data the Labor Department reported on Tuesday. The closely watched inflation reading was below average economist estimates of 5.2%. This marked the lowest inflation print since May 2021.
Ethereum (CRYPTO: ETH) also moved lower, falling below the key $1,900 mark this morning.
Solana (CRYPTO: SOL) was the top gainer over the prior 24 hours, while Rocket Pool (CRYPTO: RPL) turned out to be the biggest loser.
At the time of writing, the global crypto market cap fell to $1.22 trillion, recording a 24-hour decline of 1.4%. BTC was trading lower by 0.2% at $29,998 while ETH fell by around 2.3% to $1,870 on Wednesday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers
Solana (CRYPTO: SOL)
Price: $23.51 24-hour gain: 5.5%
Injective (CRYPTO: INJ)
Price: $6.63 24-hour gain: 4.3%
Internet Computer (CRYPTO: ICP)
Price: $5.29 24-hour gain: 2.2%
Render Token (CRYPTO: RNDR)
Price: $1.57 24-hour gain: 1.7%
Huobi Token (CRYPTO: HT)
Price: $3.68 24-hour gain: 1.1%
Losers
Rocket Pool (CRYPTO: RPL)
Price: $43.05 24-hour drop: 9.3%
Conflux (CRYPTO: CFX)
Price: $0.3876 24-hour drop: 9.3%
Lido DAO (CRYPTO: LDO)
Price: $2.23 24-hour drop: 8.4%
Optimism (CRYPTO: OP)
Price: $2.22 24-hour drop: 6%
SingularityNET (CRYPTO: AGIX)
Price: $8.85 24-hour drop: 5.8%
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