Bitcoin Surpasses $3,200 Following PCE Inflation Data; Wormhole Emerges As Top Gainer

Author: Avi Kapoor | April 26, 2024 09:40am

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $64,000 level on Friday.

Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,100 mark this morning.

Wormhole (CRYPTO: W) was the top gainer over the prior 24 hours, while EOS (CRYPTO: EOS) turned out to be the biggest loser.

The Federal Reserve's preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March. The headline PCE price index rose from 2.5% in February 2024 to 2.7% year-on-year in March, beating forecasts of a 2.6% increase, the Bureau of Economic Analysis reported Friday.

At the time of writing, the global crypto market cap rose to $2.36 trillion, recording a 24-hour gain of 0.4%. BTC was trading higher by 0.3% at $64,180 while ETH rose by around 0.6% to $3,128 on Friday.

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

Gainers                                                

Wormhole (CRYPTO: W)

Price: Wormhole

24-hour gain: 10.9%

Bonk (CRYPTO: BONK)

Price: $0.00002727    

24-hour gain: 10%

BitTorrent (New) (CRYPTO: BTT)

Price: $0.000001348

24-hour gain: 7.4%

NEAR Protocol (CRYPTO: NEAR)

Price: $7.15

24-hour gain: 7%

eCash (CRYPTO: XEC)

Price: $0.00005266

24-hour gain: 4.2%

Losers

EOS (CRYPTO: EOS)

Price: $0.8136

24-hour drop: 5.9%

Ronin (CRYPTO: RON)

Price: $2.90

24-hour drop: 5.1%

Pendle (CRYPTO: PENDLE)

Price: $5.65                

24-hour drop: 4.9%

Immutable (CRYPTO: IMX)

Price: $2.05

24-hour drop: 3.8%

Ondo (CRYPTO: ONDO)

Price: $0.7889

24-hour drop: 3.7%

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Posted In: $BONK $BTC $BTT $EOS $ETH $IMX $NEAR $PENDLE $XEC