Ethereum Drops Below $1,600; PancakeSwap Becomes Top Loser

Bitcoin BTC/USD and Ethereum ETH/USD, the two most valued cryptocurrencies in the world, traded lower on Tuesday ahead of the US Federal Reserve meeting.

Dogecoin DOGE/USD, meanwhile, recorded sharp gains on Tuesday after Elon Musk disclosed that he is the Chief Executive Officer of post-merger company after Twitter deal, according to a filing made with the U.S. Securities and Exchange Commission on Monday.

Chain XCN/USD was the top gainer over the prior 24 hours, while PancakeSwap CAKE/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.02 trillion, recording a 24-hour decline of 0.7%. BTC was trading lower by 0.7% at $20,557, while ETH fell by around 1.5% to $1,595 on Tuesday.

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

Gainers

• Chain XCN/USD

Price: $0.06512
24-hour gain: 29.2%

• Dogecoin DOGE/USD

Price: $0.1401
24-hour gain: 16.9%

• Shiba Inu SHIB/USD

Price: $0.00001288
24-hour gain: 5.6%

• Synthetix SNX/USD

Price: $2.61
24-hour gain: 4.5%

• Chiliz CHZ/USD

Price: $0.2338
24-hour gain: 3.6%

Losers

• PancakeSwap CAKE/USD

Price: $4.61
24-hour drop: 5.3%

• Klaytn KLAY/USD

Price: $0.2625
24-hour drop: 4.9%

• BinaryX BNX/USD

Price: $145.02
24-hour drop: 4.2%

• EthereumPoW ETHW/USD

Price: $6.52
24-hour drop: 4.2%

• Huobi Token HT/USD

Price: $8.60
24-hour drop: 4.2%