Bitcoin, Ethereum Edge Lower Following PPI Data; GMX Becomes Top Loser

Bitcoin BTC/USD traded lower, with the cryptocurrency prices falling below the $29,500 level on Friday.

Ethereum ETH/USD also moved lower, trading below the $1,850 mark this morning.

Producer prices in the U.S. increased 0.3% month-over-month in July, recording the biggest rise since January, following a revised flat reading for June. However, analysts were expecting a 0.2% increase in prices.

Rocket Pool RPL/USD was the top gainer over the prior 24 hours, while GMX GMX/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.17 trillion, recording a 24-hour decline of 0.4%. BTC was trading lower by 0.4% at $29,408 while ETH fell by around 0.3% to $1,847 on Friday.

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

Gainers

Rocket Pool RPL/USD
Price: $28.04
24-hour gain: 4.1%

THORChain RUNE/USD
Price: $1.08
24-hour gain: 3.1%

Basic Attention Token BAT/USD
Price: $0.2204
24-hour gain: 1.7%

Sui SUI/USD
Price: $0.6032
24-hour gain: 1.5%

WOO Network WOO/USD
Price: $0.1909
24-hour gain: 1.4%

Losers

GMX GMX/USD
Price: $45.01
24-hour drop: 9.1%

XDC Network XDC/USD
Price: $0.06586
24-hour drop: 4.9%

Arweave AR/USD
Price: $4.93
24-hour drop: 4.6%

Hedera HBAR/USD
Price: $0.05695
24-hour drop: 4.2%

Aptos APT/USD
Price: $7.11
24-hour drop: 4.2%

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