Bitcoin, Ethereum Record Losses Following PPI Data; Pepe Becomes Top Loser

Bitcoin BTC/USD moved lower, with the cryptocurrency prices trading below the key $28,000 level on Thursday.

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

Producer prices for final demand rose 0.2% month-over-month in April versus a revised 0.4% decline in the prior month. U.S. initial jobless claims rose by 22,000 to 264,000 in the week ending May 6, above market estimates of 245,000.

UNUS SED LEO LEO/USD was the top gainer over the prior 24 hours, while Pepe PEPE/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.13 trillion, recording a 24-hour decline of 2.6%. BTC was trading lower by 2.9% at $27,361 while ETH rose by around 3.1% to $1,817 on Thursday.

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

Gainers

• UNUS SED LEO LEO/USD

Price: $3.62
24-hour gain: 2.1%

• Kava KAVA/USD

Price: $0.8801
24-hour gain: 1.2%

• Uniswap UNI/USD

Price: $5.12
24-hour gain: 0.3%

• USD Coin USDC/USD

Price: $1.00
24-hour gain: 0.1%

• Tether USDT/USD

Price: $1.00
24-hour gain: 0.1%

Losers

• Pepe PEPE/USD

Price: $0.000001585
24-hour drop: 20.9%

• Render Token RNDR/USD

Price: $1.68
24-hour drop: 12.8%

• Injective INJ/USD

Price: $6.12
24-hour drop: 10.9%

• Bitcoin SV BSV/USD

Price: $35.11
24-hour drop: 10.6%

• Optimism OP/USD

Price: $1.61
24-hour drop: 9.6%

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