Bitcoin Falls Below $58,000 Following ADP Report; Arweave, Stacks Among Top Losers

Bitcoin BTC/USD moved lower, with the cryptocurrency prices falling below the key $58,000 level on Wednesday.

Ethereum ETH/USD also recorded losses, trading below the key $2,900 mark this morning.

Optimism OP/USD was the top gainer over the prior 24 hours, while Arweave AR/USD turned out to be the biggest loser.

U.S. private employers added 192,000 new jobs during the month of April, compared to a revised 208,000 in March, topping market estimates of a 175,000 gain.

At the time of writing, the global crypto market cap fell to $2.14 trillion, recording a 24-hour decline of 4.9%. BTC was trading lower by 6% at $57,623 while ETH fell by around 4.3% to $2,887 on Wednesday.

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

Gainers                                                

Optimism OP/USD

• Price: $2.53
• 24-hour gain: 7.2%

Cosmos ATOM/USD

• Price: $8.38    
• 24-hour gain: 7.1%

Starknet STRK/USD

• Price: $1.21
• 24-hour gain: 5.7%

Flare FLR/USD

• Price: $0.0295
• 24-hour gain: 4.8%

Axelar AXL/USD

• Price: $1.09
• 24-hour gain: 4.2%

Losers

Arweave AR/USD

• Price: $27.22
• 24-hour drop: 19.3%

Stacks STX/USD

• Price: $2.02
• 24-hour drop: 12.2%

Pepe PEPE/USD

• Price: $0.000006141              
• 24-hour drop: 11.4%

Neo NEO/USD

• Price: $15.64   
• 24-hour drop: 11.4%

Sei SEI/USD

• Price: $0.5292
• 24-hour drop: 9.1%

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