Bitcoin Surpasses $3,200 Following PCE Inflation Data; Wormhole Emerges As Top Gainer

Bitcoin BTC/USD moved higher, with the cryptocurrency prices trading above the key $64,000 level on Friday.

Ethereum ETH/USD also recorded gains, trading above the key $3,100 mark this morning.

Wormhole (CRYPTO: W) was the top gainer over the prior 24 hours, while EOS EOS/USD turned out to be the biggest loser.

The Federal Reserve's preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March. The headline PCE price index rose from 2.5% in February 2024 to 2.7% year-on-year in March, beating forecasts of a 2.6% increase, the Bureau of Economic Analysis reported Friday.

At the time of writing, the global crypto market cap rose to $2.36 trillion, recording a 24-hour gain of 0.4%. BTC was trading higher by 0.3% at $64,180 while ETH rose by around 0.6% to $3,128 on Friday.

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

Gainers                                                

Wormhole (CRYPTO: W)

Price: Wormhole

24-hour gain: 10.9%

Bonk BONK/USD

Price: $0.00002727    

24-hour gain: 10%

BitTorrent (New) BTT/USD

Price: $0.000001348

24-hour gain: 7.4%

NEAR Protocol NEAR/USD

Price: $7.15

24-hour gain: 7%

eCash XEC/USD

Price: $0.00005266

24-hour gain: 4.2%

Losers

EOS EOS/USD

Price: $0.8136

24-hour drop: 5.9%

Ronin RON/USD

Price: $2.90

24-hour drop: 5.1%

Pendle PENDLE/USD

Price: $5.65                

24-hour drop: 4.9%

Immutable IMX/USD

Price: $2.05

24-hour drop: 3.8%

Ondo ONDO/USD

Price: $0.7889

24-hour drop: 3.7%

Read This Next: Around $1M Bet On Biohaven? Check Out These 4 Stocks Insiders Are Buying