Bitcoin Falls Below $70,000 Following Inflation Data; Gala Becomes Top Loser

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $70,000 level on Wednesday.

Ethereum (CRYPTO: ETH) also recorded losses, trading belowthe key $3,600 mark this morning.

Nervos Network (CRYPTO: CKB) was the top gainer over the prior 24 hours, while Gala (CRYPTO: GALA) turned out to be the biggest loser.

U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February.

At the time of writing, the global crypto market cap fell to $2.58 trillion, recording a 24-hour decline of 2.8%. BTC was trading lower by 2.3% at $69,077 while ETH fell by around 3.2% to $3,520 on Wednesday.

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

Gainers

Nervos Network (CRYPTO: CKB)
Price: $0.0368
24-hour gain: 11.5%

Ethena (CRYPTO: ENA)

Price: $1.36
24-hour gain: 6.8%

Bittensor (CRYPTO: TAO)
Price: $612.23
24-hour gain: 6.2%

Pendle (CRYPTO: PENDLE)
Price: $6.25
24-hour gain: 1.3%

Fantom (CRYPTO: FTM)
Price: $0.9803
24-hour gain: 1.1%

Losers

Gala (CRYPTO: GALA)
Price: $0.05894
24-hour drop: 13%

dogwifhat (CRYPTO: WIF)
Price: $3.49
24-hour drop: 12.4%

Aptos (CRYPTO: APT)
Price: $12.22
24-hour drop: 12.1%

Bitcoin Cash (CRYPTO: BCH)
Price: $614.34
24-hour drop: 9%

NEAR Protocol (CRYPTO: NEAR)
Price: $6.92
24-hour drop: 8.8%

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