Ethereum Drops Below $1,600; Loopring Becomes Top Loser

Author: Lisa Levin | November 07, 2022 10:54am

Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, climbed past the $21,000 level over the weekend, but pared gains to trade lower this morning on Monday.

U.S. released jobs reports on Friday, which showed the country’s economy adding 261,000 jobs last month, beating average economist estimates of 205,000 jobs. The U.S. unemployment rate, meanwhile, increased to 3.7%.

Ethereum (CRYPTO: ETH) also recorded losses, falling below the $1,600 mark on Monday.

Synthetix (CRYPTO: SNX) was the top gainer over the prior 24 hours, while Loopring (CRYPTO: LRC) turned out to be the biggest loser after recording sharp growth over the previous few days.

At the time of writing, the global crypto market cap fell to $1.03 trillion, recording a 24-hour decline of 2.8%. BTC was trading lower by 2.5% at $20,699, while ETH fell by around 3.1% to $1,574 on Monday.

Here are the top ten crypto gainers and losers over the past 24 hours:

Gainers

• Synthetix (CRYPTO: SNX)

Price: $2.71
24-hour gain: 3.3%

• Polygon (CRYPTO: MATIC)

Price: $1.21
24-hour gain: 3.1%

• Dash (CRYPTO: DASH)

Price: $46.45
24-hour gain: 2%

• Casper (CRYPTO: CSPR)

Price: $0.03987
24-hour gain: 0.9%

• VeChain (CRYPTO: VET)

Price: $0.02594
24-hour gain: 0.3%

Losers

• Loopring (CRYPTO: LRC)

Price: $0.3218
24-hour drop: 13.8%

• Solana (CRYPTO: SOL)

Price: $31.01
24-hour drop: 13%

• Aptos (CRYPTO: APT)

Price: $7.02
24-hour drop: 12.2%

• Arweave (CRYPTO: AR)

Price: $13.79
24-hour drop: 11.2%

• ApeCoin (CRYPTO: APE)

Price: $4.56
24-hour drop: 9.9%

Posted In: $APE $BTC $DASH $ETH $LRC $MATIC $SNX $SOL $VET