Bitcoin Falls Following PPI Data; Kaspa Emerges As Top Gainer

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

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

Kaspa KAS/USD was the top gainer over the prior 24 hours, while Bitget Token BGB/USD 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 KAS/USD
Price: $0.1094
24-hour gain: 26.2%

Celestia TIA/USD
Price: $6.38
24-hour gain: 25.7%

PancakeSwap CAKE/USD
Price: $2.71
24-hour gain: 22.6%

dYdX (ethDYDX) ETHDYDX/USD
Price: $3.96
24-hour gain: 22.1%

Cronos CRO/USD
Price: $0.108
24-hour gain: 21.6%

Losers

Bitget Token BGB/USD
Price: $0.5356
24-hour drop: 3.4%

XDC Network XDC/USD
Price: $0.05135
24-hour drop: 2.8%

Toncoin TON/USD
Price: $2.30
24-hour drop: 2.7%

XRP XRP/USD
Price: $0.6384
24-hour drop: 2.6%

OKB OKB/USD
Price: $60.04
24-hour drop: 2.4%

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