Bitcoin, Ethereum Edge Lower Following PPI Data; GMX Becomes Top Loser

Author: Lisa Levin | August 11, 2023 09:37am

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the $29,500 level on Friday.

Ethereum (CRYPTO: ETH) also moved lower, trading below the $1,850 mark this morning.

Producer prices in the U.S. increased 0.3% month-over-month in July, recording the biggest rise since January, following a revised flat reading for June. However, analysts were expecting a 0.2% increase in prices.

Rocket Pool (CRYPTO: RPL) was the top gainer over the prior 24 hours, while GMX (CRYPTO: GMX) turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.17 trillion, recording a 24-hour decline of 0.4%. BTC was trading lower by 0.4% at $29,408 while ETH fell by around 0.3% to $1,847 on Friday.

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

Gainers

Rocket Pool (CRYPTO: RPL)
Price: $28.04
24-hour gain: 4.1%

THORChain (CRYPTO: RUNE)
Price: $1.08
24-hour gain: 3.1%

Basic Attention Token (CRYPTO: BAT)
Price: $0.2204
24-hour gain: 1.7%

Sui (CRYPTO: SUI)
Price: $0.6032
24-hour gain: 1.5%

WOO Network (CRYPTO: WOO)
Price: $0.1909
24-hour gain: 1.4%

Losers

GMX (CRYPTO: GMX)
Price: $45.01
24-hour drop: 9.1%

XDC Network (CRYPTO: XDC)
Price: $0.06586
24-hour drop: 4.9%

Arweave (CRYPTO: AR)
Price: $4.93
24-hour drop: 4.6%

Hedera (CRYPTO: HBAR)
Price: $0.05695
24-hour drop: 4.2%

Aptos (CRYPTO: APT)
Price: $7.11
24-hour drop: 4.2%

 

Read This Next: Top 3 Real Estate Stocks That May Crash In Q3

Posted In: $BAT $BTC $ETH $HBAR $RUNE