Bitcoin Falls Below $30,000 After Inflation Data; Optimism, Injective Among Top Losers

Bitcoin BTC/USD traded lower, with the cryptocurrency prices falling below the key $30,000 level on Thursday.

Ethereum ETH/USD also moved lower, but remained above the key $1,800 mark this morning.

Annual inflation rate in the U.S. rose to 3.2% in July from 3% in June, but down from market estimates of 3.3%. The monthly inflation rate, however, held steady at 0.2% in July, matching market estimates.

Aptos APT/USD was the top gainer over the prior 24 hours, while Optimism OP/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.17 trillion, recording a 24-hour decline of 0.8%. BTC was trading lower by 1.1% at $29,471 while ETH fell by around 0.6% to $1,849 on Thursday.

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

Gainers

• Aptos APT/USD

Price: $7.39

24-hour gain: 9.8%

• THORChain RUNE/USD

Price: $1.04

24-hour gain: 3.8%

• Rocket Pool RPL/USD

Price: $27.03

24-hour gain: 2.5%

• Uniswap UNI/USD

Price: $6.25

24-hour gain: 2.1%

• Render RNDR/USD

Price: $1.70

24-hour gain: 2%

Losers

• Optimism OP/USD

Price: $1.56

24-hour drop: 6.7%

• Injective INJ/USD

Price: $7.60

24-hour drop: 5.1%

• Hedera HBAR/USD

Price: $0.05924

24-hour drop: 4.1%

• Frax Share FXS/USD

Price: $6.12

24-hour drop: 4%

• Bone ShibaSwap BONE/USD

Price: $1.60

24-hour drop: 2.8%

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