Bitcoin Falls Following PPI Data; Kaspa Emerges As Top Gainer

Bitcoin moved lower, with the cryptocurrency prices trading below the $37,000 level on Wednesday.

Ethereum also recorded losses, but remained above the key $2,000 mark this morning.

Kaspa was the top gainer over the prior 24 hours, while Bitget Token turned out to be the biggest loser.

Producer prices in the U.S. declined 0.5% month-over-month in October, the most since April 2020 and compared to market estimates of a 0.1% rise.

At the time of writing, the global crypto market cap rose to $1.4 trillion, recording a 24-hour gain of 0.7%. BTC was trading lower by 0.8% at $36,181 while ETH fell by around 0.8% to $2,018 on Wednesday.

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

Gainers

Kaspa

Price: $0.1094

24-hour gain: 26.2%

Celestia

Price: $6.38

24-hour gain: 25.7%

PancakeSwap

Price: $2.71

24-hour gain: 22.6%

dYdX (ethDYDX)

Price: $3.96

24-hour gain: 22.1%

Cronos

Price: $0.108

24-hour gain: 21.6%

Losers

Bitget Token

Price: $0.5356

24-hour drop: 3.4%

XDC Network

Price: $0.05135

24-hour drop: 2.8%

Toncoin

Price: $2.30

24-hour drop: 2.7%

XRP

Price: $0.6384

24-hour drop: 2.6%

OKB

Price: $60.04

24-hour drop: 2.4%

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