Bitcoin, Ethereum Record Losses Following PPI Data; Pepe Becomes Top Loser

Bitcoin, Ethereum Record Losses Following PPI Data; Pepe Becomes Top Loser

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Bitcoin BTC/USD moved lower, with the cryptocurrency prices trading below the key $28,000 level on Thursday.

Ethereum ETH/USD also traded lower, but remained above the key $1,800 mark this morning.

Producer prices for final demand rose 0.2% month-over-month in April versus a revised 0.4% decline in the prior month. U.S. initial jobless claims rose by 22,000 to 264,000 in the week ending May 6, above market estimates of 245,000.

UNUS SED LEO LEO/USD was the top gainer over the prior 24 hours, while Pepe PEPE/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.13 trillion, recording a 24-hour decline of 2.6%. BTC was trading lower by 2.9% at $27,361 while ETH rose by around 3.1% to $1,817 on Thursday.

  • UNUS SED LEO LEO/USD
  • Kava KAVA/USD
  • Uniswap UNI/USD
  • USD Coin USDC/USD
  • Tether USDT/USD
  • Pepe PEPE/USD
  • Render Token RNDR/USD
  • Injective INJ/USD
  • Bitcoin SV BSV/USD
  • Optimism OP/USD

Price: $1.61
24-hour drop: 9.6%

Read This Next: Wall Street’s Most Accurate Analysts Say Sell These 3 Tech Stocks With Over 3% Dividend Yields

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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