Bitcoin Falls Below This Key Level Following Jobs Data; KuCoin Token Becomes Top Loser

Author: Lisa Levin | September 01, 2023 09:50am

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the $26,000 level on Friday.

Ethereum (CRYPTO: ETH), also recorded losses, trading below the key $1,700 mark this morning.

The U.S. economy added 187,000 jobs in August versus the downwardly revised 157,000 increase in July and compared to market expectations of 170,000. The unemployment rate increased to 3.8% in August from 3.5% in July.

Toncoin (CRYPTO: TON) was the top gainer over the prior 24 hours, while KuCoin Token (CRYPTO: KCS) turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.05 trillion, recording a 24-hour decline of 3.6%. BTC was trading lower by 4.6% at $25,986 while ETH fell by around 3.8% to $1,641 on Friday.

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

Gainers

Toncoin (CRYPTO: TON)
Price: $1.74
24-hour gain: 2.9%

THORChain (CRYPTO: RUNE)
Price: $1.58
24-hour gain: 1.7%

IOTA (CRYPTO: MIOTA)
Price: $0.1608
24-hour gain: 1.7%

Maker (CRYPTO: MKR)
Price: $1,159.25
24-hour gain: 1.5%

TRON (CRYPTO: TRX)
Price: $0.077
24-hour gain: 1%

Losers

KuCoin Token (CRYPTO: KCS)
Price: $3.88
24-hour drop: 9.3%

Stacks (CRYPTO: STX)
Price: $0.4843
24-hour drop: 8.1%

Optimism (CRYPTO: OP)
Price: $1.37
24-hour drop: 6.8%

Filecoin (CRYPTO: FIL)
Price: $3.20
24-hour drop: 6.3%

Render (CRYPTO: RNDR)
Price: $1.34
24-hour drop: 6.2%

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Posted In: $BTC $ETH $FIL $KCS $MIOTA $MKR $OP $RUNE $STX $TRX