Bitcoin Falls Below $70,000 Following Inflation Data; Gala Becomes Top Loser

Bitcoin BTC/USD moved lower, with the cryptocurrency prices trading below the key $70,000 level on Wednesday.

Ethereum ETH/USD also recorded losses, trading belowthe key $3,600 mark this morning.

Nervos Network CKB/USD was the top gainer over the prior 24 hours, while Gala GALA/USD turned out to be the biggest loser.

U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February.

At the time of writing, the global crypto market cap fell to $2.58 trillion, recording a 24-hour decline of 2.8%. BTC was trading lower by 2.3% at $69,077 while ETH fell by around 3.2% to $3,520 on Wednesday.

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



Nervos Network CKB/USD
Price: $0.0368
24-hour gain: 11.5%

Ethena ENA/USD

Price: $1.36
24-hour gain: 6.8%

Bittensor TAO/USD
Price: $612.23
24-hour gain: 6.2%

Price: $6.25
24-hour gain: 1.3%

Fantom FTM/USD
Price: $0.9803
24-hour gain: 1.1%



Price: $0.05894
24-hour drop: 13%

dogwifhat WIF/USD
Price: $3.49
24-hour drop: 12.4%

Price: $12.22
24-hour drop: 12.1%

Bitcoin Cash BCH/USD
Price: $614.34
24-hour drop: 9%

Price: $6.92
24-hour drop: 8.8%

Read This Next: Fastenal Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsIntraday UpdateMarketsMoversTrading IdeasBitcoinCrypto MoversEthereumTop Gainers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!