Bitcoin Falls Below $27,000 Following CPI Data; THORChain, Rocket Pool Among Top Losers

Author: Lisa Levin | October 12, 2023 09:34am

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $27,000 level on Thursday.

Ethereum (CRYPTO: ETH), also moved lower, trading below the key $1,600 mark this morning.

The U.S. inflation rate came in steady at 3.7% for September, compared to market estimates of 3.6%. The annual core consumer price inflation rate eased to 4.1% in September from 4.3% in the previous month.

Loom Network (CRYPTO: LOOM) was the top gainer over the prior 24 hours, while THORChain (CRYPTO: RUNE) 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 1.3%. BTC was trading lower by 1.3% at $26,796 while ETH fell by around 1.3% to $1,549 on Thursday.

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

Gainers

 

Loom Network (CRYPTO: LOOM)
Price: $0.2137
24-hour gain: 10.8%

Frax Share (CRYPTO: FXS)
Price: $5.63
24-hour gain: 4.5%

Gala (CRYPTO: GALA)
Price: $0.0135
24-hour gain: 2.8%

Cronos (CRYPTO: CRO)
Price: $0.05044
24-hour gain: 2.5%

ApeCoin (CRYPTO: APE)
Price: $1.05
24-hour gain: 2.1%

Losers

 

THORChain (CRYPTO: RUNE)
Price: $1.51
24-hour drop: 9.3%

Rocket Pool (CRYPTO: RPL)
Price: $18.40
24-hour drop: 4.7%

Avalanche (CRYPTO: AVAX)
Price: $9.02
24-hour drop: 4.2%

Maker (CRYPTO: MKR)
Price: $1,351.00
24-hour drop: 4.1%

Mantle (CRYPTO: MNT)
Price: $0.3443
24-hour drop: 3.9%

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Posted In: $APE $AVAX $BTC $CRO $ETH $MKR $RUNE