Bitcoin Surpasses $28,000 Following Inflation Data; Kava, Terra Classic Among Top Gainers

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $28,000 level on Wednesday.

Ethereum (CRYPTO: ETH) also traded lower, but remained below the key $1,900 mark this morning.

The annual inflation rate in the US fell to 4.9% in April, recording the lowest level since April 2021, and compared to 5% in March.

Kava (CRYPTO: KAVA) was the top gainer over the prior 24 hours, while Stacks (CRYPTO: STX) turned out to be the biggest loser.

At the time of writing, the global crypto market cap rose to $1.16 trillion, recording a 24-hour gain of 1.5%. BTC was trading higher by 2.3% at $28,230 while ETH rose by around 1.7% to $1,875 on Wednesday.

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

Gainers

• Kava (CRYPTO: KAVA)

Price: $0.8776
24-hour gain: 11.1%

• Terra Classic (CRYPTO: LUNC)

Price: $0.00009131
24-hour gain: 7.1%

• Arbitrum (CRYPTO: ARB)

Price: $1.18
24-hour gain: 7.1%

• Fantom (CRYPTO: FTM)

Price: $0.3898
24-hour gain: 6.4%

• Render Token (CRYPTO: RNDR)

Price: $1.87
24-hour gain: 6.3%

Losers

• Stacks (CRYPTO: STX)

Price: $0.6555
24-hour drop: 5.3%

• Bitcoin SV (CRYPTO: BSV)

Price: $37.89
24-hour drop: 3.6%

• Pepe (CRYPTO: PEPE)

Price: $0.000001878
24-hour drop: 3.5%

• Chiliz (CRYPTO: CHZ)

Price: $0.1111
24-hour drop: 2.3%

• Bitcoin Cash (CRYPTO: BCH)

Price: $117.92
24-hour drop: 2.2%

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