Bitcoin Falls But Remains Above $20,000; Arweave Becomes Top Gainer

Bitcoin BTC/USD and Ethereum ETH/USD, the two most valued cryptocurrencies in the world, traded lower on Thursday after the US Federal Reserve increased interest rates by 75 bps at its latest meeting.

Fed Chairman Jerome Powell, meanwhile, said it’s very premature to think about pausing rate hikes.

Dogecoin DOGE/USD also recorded losses on Thursday after recording gains in the recent period.

Arweave AR/USD was the top gainer over the prior 24 hours, while Chain XCN/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.00 trillion, recording a 24-hour decline of 0.5%. BTC was trading lower by 1.4% at $20,131, while ETH fell by around 1.6% to $1,531 on Thursday.

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

Gainers

• Arweave AR/USD

Price: $14.94
24-hour gain: 48.9%

• Fantom FTM/USD

Price: $0.2637
24-hour gain: 16.8%

• Flow FLOW/USD

Price: $1.81
24-hour gain: 13.4%

• Filecoin FIL/USD

Price: $5.81
24-hour gain: 11 %

• Mina MINA/USD

Price: $0.7468
24-hour gain: 9.9%

Losers

• Chain XCN/USD

Price: $0.05272
24-hour drop: 5.2%

• FTX Token FTT/USD

Price: $24.34
24-hour drop: 4.19%

• Nexo NEXO/USD

Price: $0.9606
24-hour drop: 2.9%

• BitDAO BIT/USD

Price: $0.4092
24-hour drop: 2.4%

• Quant QNT/USD

Price: $157.51
24-hour drop: 2.1%