Bitcoin Falls Below $58,000 Following ADP Report; Arweave, Stacks Among Top Losers

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $58,000 level on Wednesday.

Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,900 mark this morning.

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

U.S. private employers added 192,000 new jobs during the month of April, compared to a revised 208,000 in March, topping market estimates of a 175,000 gain.

At the time of writing, the global crypto market cap fell to $2.14 trillion, recording a 24-hour decline of 4.9%. BTC was trading lower by 6% at $57,623 while ETH fell by around 4.3% to $2,887 on Wednesday.

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

Gainers                                                

Optimism (CRYPTO: OP)

• Price: $2.53
• 24-hour gain: 7.2%

Cosmos (CRYPTO: ATOM)

• Price: $8.38    
• 24-hour gain: 7.1%

Starknet (CRYPTO: STRK)

• Price: $1.21
• 24-hour gain: 5.7%

Flare (CRYPTO: FLR)

• Price: $0.0295
• 24-hour gain: 4.8%

Axelar (CRYPTO: AXL)

• Price: $1.09
• 24-hour gain: 4.2%

Losers

Arweave (CRYPTO: AR)

• Price: $27.22
• 24-hour drop: 19.3%

Stacks (CRYPTO: STX)

• Price: $2.02
• 24-hour drop: 12.2%

Pepe (CRYPTO: PEPE)

• Price: $0.000006141              
• 24-hour drop: 11.4%

Neo (CRYPTO: NEO)

• Price: $15.64   
• 24-hour drop: 11.4%

Sei (CRYPTO: SEI)

• Price: $0.5292
• 24-hour drop: 9.1%

Read This Next: Amazon, Pfizer And 3 Stocks To Watch Heading Into Wednesday