Ethereum Hits $2,300 Following PCE Data; Optimism Emerges As Top Gainer

Author: Avi Kapoor | December 22, 2023 10:32am

Bitcoin (CRYPTO: BTC) traded slightly lower, with the cryptocurrency prices trading below the key $44,000 level on Friday.

Ethereum (CRYPTO: ETH), meanwhile, moved higher, trading above the key $2,300 mark this morning.

Optimism (CRYPTO: OP) was the top gainer over the prior 24 hours, while Sei (CRYPTO: SEI) turned out to be the biggest loser.

Core PCE prices in the U.S. rose by 0.1% from the prior month in November. When energy and food are excluded from the overall PCE basket, core PCE inflation eased to 3.2% year-on-year, down from 3.5% a month earlier and below the expected 3.3%.

At the time of writing, the global crypto market cap rose to $1.66 trillion, recording a 24-hour gain of 0.8%. BTC was trading lower by 0.1% at $43,739 while ETH rose by around 3.3% to $2,304 on Friday.

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

Gainers

 

Optimism (CRYPTO: OP)
Price: $2.84
24-hour gain: 24.6%

Oasis Network (CRYPTO: ROSE)
Price: $0.1176
24-hour gain: 22.8%

Arbitrum (CRYPTO: ARB)
Price: $1.30
24-hour gain: 15.2%

Algorand (CRYPTO: ALGO)
Price: $0.2307
24-hour gain: 14.1%

Pepe (CRYPTO: PEPE)
Price: $0.000001406
24-hour gain: 11.3%

Losers

 

Sei (CRYPTO: SEI)
Price: $0.3487
24-hour drop: 14.6%

Helium (CRYPTO: HNT)
Price: $7.28
24-hour drop: 11.2%

SATS (CRYPTO: 1000SATS)
Price: $0.0006411
24-hour drop: 10.3%

Stacks (CRYPTO: STX)
Price: $1.35
24-hour drop: 9.7%

Beam (CRYPTO: BEAM)
Price: $0.01824
24-hour drop: 9.2%

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Posted In: $ALGO $ARB $BEAM $BTC $ETH $HNT $OP $PEPE $ROSE $STX