Ethereum Falls Below $3,000 Following Jobless Claims Data; Pendle Becomes Top Loser

Author: Avi Kapoor | May 09, 2024 09:33am

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $61,000 level on Thursday.

Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $3,000 mark this morning.

Akash Network (CRYPTO: AKT) was the top gainer over the prior 24 hours, while Pendle (CRYPTO: PENDLE) turned out to be the biggest loser.

U.S. initial jobless claims increased by 22,000 to 231,000 in the week ending May 4, higher than market estimates of 210,000.

At the time of writing, the global crypto market cap fell to $2.26 trillion, recording a 24-hour decline of 1.4%. BTC was trading lower by 2.1% at $ $60,950 while ETH fell by around 0.5% to $2,971 on Thursday.

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

Gainers                                                

Akash Network (CRYPTO: AKT)

• Price: $4.81
• 24-hour gain: 8.7%

THORChain (CRYPTO: RUNE)

• Price: $5.98    
• 24-hour gain: 6.5%

Kaspa (CRYPTO: KAS)

• Price: $0.1204
• 24-hour gain: 6.5%

Toncoin (CRYPTO: TON)

• Price: $5.95
• 24-hour gain: 4.4%

Litecoin (CRYPTO: LTC)

• Price: $82.03
• 24-hour gain: 2.8%

Losers

Pendle (CRYPTO: PENDLE)

• Price: $4.50     
• 24-hour drop: 6.4%

Worldcoin (CRYPTO: WLD)

• Price: $5.48
• 24-hour drop: 6%

Wormhole (CRYPTO: W)

• Price: $0.6048            
• 24-hour drop: 5.8%

Ethena (CRYPTO: ENA)

• Price: $0.8587
• 24-hour drop: 5.8%

Lido DAO (CRYPTO: LDO)

• Price: $1.88
• 24-hour drop: 4.4%

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Posted In: $AKT $BTC $ETH $LDO $LTC $PENDLE $RUNE $TON