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:

Gainers

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%

Pendle PENDLE/USD
Price: $6.25
24-hour gain: 1.3%

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

Losers

Gala GALA/USD
Price: $0.05894
24-hour drop: 13%

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

Aptos APT/USD
Price: $12.22
24-hour drop: 12.1%

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

NEAR Protocol NEAR/USD
Price: $6.92
24-hour drop: 8.8%

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