Bitcoin Tops $41,000 Following PCE Inflation Data; SATS Emerges As Top Gainer

Author: Avi Kapoor | January 26, 2024 10:40am

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $41,000 level on Friday.

Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,200 mark this morning.

SATS (CRYPTO: 1000SATS) was the top gainer over the prior 24 hours, while Maker (CRYPTO: MKR) turned out to be the biggest loser.

The headline PCE annual inflation rate held at 2.6% in December, matching both the previous and expected rate of 2.6%. On a monthly basis, the PCE price index rebounded with a 0.2% increase, recovering from a 0.1% decline in November and matching the predicted 0.2% rise.

At the time of writing, the global crypto market cap rose to $1.59 trillion, recording a 24-hour gain of 2%. BTC was trading higher by 2.4% at $41,191 while ETH rose by around 0.8% to $2,246 on Friday.

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

Gainers

 

SATS (CRYPTO: 1000SATS)
Price: $0.0004578
24-hour gain: 21.5%

Conflux (CRYPTO: CFX)
Price: $0.2039
24-hour gain: 13%

Akash Network (CRYPTO: AKT)
Price: $2.86
24-hour gain: 12.8%

Ethereum Name Service (CRYPTO: ENS)
Price: $20.14
24-hour gain: 11%

Optimism (CRYPTO: OP)
Price: $3.12
24-hour gain: 10.1%

Losers

 

Maker (CRYPTO: MKR)
Price: $2,079.42
24-hour drop: 2.6%

XDC Network (CRYPTO: XDC)
Price: $0.04419
24-hour drop: 1.6%

Toncoin (CRYPTO: TON)
Price: $2.09
24-hour drop: 0.5%

WEMIX (CRYPTO: WEMIX)
Price: $2.35
24-hour drop: 0.5%

Flare (CRYPTO: FLR)
Price: $0.02124
24-hour drop: 0.4%

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Posted In: $AKT $BTC $CFX $ENS $ETH $MKR $OP $TON