Bitcoin, Ethereum Move Higher Following Inflation Data; Conflux Emerges As Top Gainer

Bitcoin BTC/USD traded higher, with the cryptocurrency prices trading above the $30,600 level on Wednesday.

Ethereum ETH/USD also moved higher, trading above the key $1,800 mark this morning.

The annual inflation rate in the U.S. eased to 3% in June, recording the lowest level since March 2021, versus May’s level of 4% and market expectations of 3.1%.

Conflux CFX/USD was the top gainer over the prior 24 hours, while Wrapped Bitcoin WBTC/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap rose to $1.19 trillion, recording a 24-hour gain of 0.9%. BTC was trading higher by 0.9% at $30,677 while ETH rose by around 0.7% to $1,883 on Tuesday.

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

Gainers

• Conflux CFX/USD

Price: $0.2036
24-hour gain: 12.7%

• 1inch Network 1INCH/USD

Price: $0.3324
24-hour gain: 8.5%

• Stacks STX/USD

Price: $0.6864
24-hour gain: 6.5%

• Bitcoin Cash BCH/USD

Price: $288.83
24-hour gain: 5.7%

• Kava KAVA/USD

Price: $1.06
24-hour gain: 5.1%

Losers

• Wrapped Bitcoin WBTC/USD

Price: $24,915.99
24-hour drop: 18%

• Mina MINA/USD

Price: $0.4535
24-hour drop: 2.7%

• Stellar XLM/USD

Price: $0.09759
24-hour drop: 2.6%

• Toncoin TON/USD

Price: $1.34
24-hour drop: 1.5%

• ApeCoin APE/USD

Price: $1.90
24-hour drop: 0.8%

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