Bitcoin Records Losses But Remains Above This Key Level; Trust Wallet Token, Algorand Among Top Losers

Bitcoin BTC/USD, the most valued cryptocurrency in the world, recorded losses, but traded above the key $17,000 level on Friday. The Federal Reserve, on Wednesday, raised its target fed funds rate by 0.5% to a new range of between 4.25% and 4.5%, in light with expectations from Wall Street.

Ethereum ETH/USD, also traded lower, dropping below the $1,300 mark.

OKB OKB/USD was the top gainer over the prior 24 hours, while Trust Wallet Token TWT/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $825.30 billion, recording a 24-hour decline of 3.5%. BTC was trading lower by 3.1% at $17,012, while ETH fell by around 5.2% to $1,211 on Friday.

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

Gainers

• OKB OKB/USD

Price: $24.31
24-hour gain: 6.9%

• Toncoin TON/USD

Price: $2.39
24-hour gain: 0.4%

• PAX Gold PAXG/USD

Price: $1,785.87
24-hour gain: 0.3%

• UNUS SED LEO LEO/USD

Price: $3.70
24-hour gain: 0.2%

• Gemini Dollar GUSD/USD

Price: $1.01
24-hour gain: 0.2%

Losers

• Trust Wallet Token TWT/USD

Price: $1.88
24-hour drop: 12.1%

• Algorand ALGO/USD

Price: $0.2026
24-hour drop: 9.9%

• Synthetix SNX/USD

Price: $1.68
24-hour drop: 8.3%

• Fantom FTM/USD

Price: $0.216
24-hour drop: 8.3%

• Dash DASH/USD

Price: $44.50
24-hour drop: 8.1%