Bitcoin Tops $38,000 Following GDP Data; Sei Emerges As Top Gainer

Bitcoin BTC/USD moved higher, with the cryptocurrency prices trading above the key $38,000 level on Wednesday.

Ethereum ETH/USD also recorded gains, trading above the key $2,000 mark this morning.

Sei SEI/USD was the top gainer over the prior 24 hours, while FTX Token FTT/USD turned out to be the biggest loser.

The US economy grew an annualized 5.2% in the third quarter, compared to 4.9% in the preliminary estimate, and higher than market estimates of 5%.

At the time of writing, the global crypto market cap rose to $1.43 trillion, recording a 24-hour gain of 2%. BTC was trading higher by 2.3% at $38,079 while ETH rose by around 1.5% to $2,055 on Wednesday.

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

Gainers

Sei SEI/USD
Price: $0.2934
24-hour gain: 28.4%

Terra Classic LUNC/USD
Price: $0.000121
24-hour gain: 26.1%

Stacks STX/USD
Price: $0.788
24-hour gain: 22.8%

THORChain RUNE/USD
Price: $6.39
24-hour gain: 15.8%

Terra LUNA/USD
Price: $0.8012
24-hour gain: 12.8%

Losers

FTX Token FTT/USD
Price: $4.02
24-hour drop: 6.3%

Lido DAO LDO/USD
Price: $2.27
24-hour drop: 2.9%

Optimism OP/USD
Price: $1.68
24-hour drop: 2.5%

Axie Infinity AXS/USD
Price: $6.55
24-hour drop: 2.4%

dYdX (ethDYDX) ETHDYDX/USD
Price: $3.14
24-hour drop: 2%

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