Bitcoin Falls Following PPI Data; Kaspa Emerges As Top Gainer

BY Benzinga | ECONOMIC | 11/15/23 09:31 AM EST

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $37,000 level on Wednesday.

Ethereum (CRYPTO: ETH) also recorded losses, but remained above the key $2,000 mark this morning.

Kaspa (CRYPTO: KAS) was the top gainer over the prior 24 hours, while Bitget Token (CRYPTO: BGB) turned out to be the biggest loser.

Producer prices in the U.S. declined 0.5% month-over-month in October, the most since April 2020 and compared to market estimates of a 0.1% rise.

At the time of writing, the global crypto market cap rose to $1.4 trillion, recording a 24-hour gain of 0.7%. BTC was trading lower by 0.8% at $36,181 while ETH fell by around 0.8% to $2,018 on Wednesday.

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

Gainers

 

Kaspa (CRYPTO: KAS)
Price: $0.1094
24-hour gain: 26.2%

Celestia (CRYPTO: TIA)
Price: $6.38
24-hour gain: 25.7%

PancakeSwap (CRYPTO: CAKE)
Price: $2.71
24-hour gain: 22.6%

dYdX (ethDYDX) (CRYPTO: ETHDYDX)
Price: $3.96
24-hour gain: 22.1%

Cronos (CRYPTO: CRO)
Price: $0.108
24-hour gain: 21.6%

Losers

 

Bitget Token (CRYPTO: BGB)
Price: $0.5356
24-hour drop: 3.4%

XDC Network (CRYPTO: XDC)
Price: $0.05135
24-hour drop: 2.8%

Toncoin (CRYPTO: TON)
Price: $2.30
24-hour drop: 2.7%

XRP (CRYPTO: XRP)
Price: $0.6384
24-hour drop: 2.6%

OKB (CRYPTO: OKB)
Price: $60.04
24-hour drop: 2.4%

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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