Bitcoin Moves Lower Following PPI Data; XDC Network Becomes Top Loser

Bitcoin BTC/USD moved lower, with the cryptocurrency prices trading below the $27,200 level on Wednesday.

Ethereum ETH/USD, also edged lower, trading below the key $1,600 mark this morning.

Producer prices in the U.S. increased 0.5% month-over-month in September, versus a 0.7% rise in the prior month, but above market expectations of 0.3%.

Render RNDR/USD was the top gainer over the prior 24 hours, while XDC Network XDC/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.06 trillion, recording a 24-hour decline of 0.6%. BTC was trading lower by 0.9% at $27,171 while ETH fell by around 0.2% to $1,572 on Wednesday.

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

Gainers

Render RNDR/USD
Price: $1.82
24-hour gain: 4.5%

eCash XEC/USD
Price: $0.00002424
24-hour gain: 3%

Maker MKR/USD
Price: $1,405.25
24-hour gain: 2.9%

Frax Share FXS/USD
Price: $5.37
24-hour gain: 2.5%

Lido DAO LDO/USD
Price: $1.56
24-hour gain: 2.3%

Losers

XDC Network XDC/USD
Price: $0.04752
24-hour drop: 4.4%

IOTA IOTA/USD
Price: $0.1407
24-hour drop: 4.1%

Cosmos ATOM/USD
Price: $6.65
24-hour drop: 3.7%

Mantle MNT/USD
Price: $0.3571
24-hour drop: 3.2%

dYdX DYDX/USD
Price: $1.89
24-hour drop: 2.9%

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