Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $49,000 level on Tuesday.
Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,600 mark this morning.
Beam (CRYPTO: BEAM) was the top gainer over the prior 24 hours, while Chainlink (CRYPTO: LINK) turned out to be the biggest loser.
The annual inflation rate in the U.S. eased to 3.1% in January from 3.4% in December, but came higher than market estimates of 2.9%.
At the time of writing, the global crypto market cap rose to $1.87 trillion, recording a 24-hour gain of 4.7%. BTC was trading higher by 3.9% at $49,852 while ETH rose by around 7.5% to $2,673 on Tuesday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers
Beam (CRYPTO: BEAM)
Price: $0.02926
24-hour gain: 16.2%
ORDI (CRYPTO: ORDI)
Price: $70.05
24-hour gain: 14.4%
Akash Network (CRYPTO: AKT)
Price: $3.50
24-hour gain: 14.1%
Sei (CRYPTO: SEI)
Price: $0.7485
24-hour gain: 11.8%
Render (CRYPTO: RNDR)
Price: $5.03
24-hour gain: 11.2%
Gnosis (CRYPTO: GNO)
Price: $281.61
24-hour gain: 11.2%
Blur (CRYPTO: BLUR)
Price: $0.6695
24-hour gain: 10.6%
Losers
Chainlink (CRYPTO: LINK)
Price: $ $20.12
24-hour drop: 1.1%
Bitcoin Cash (CRYPTO: BCH)
Price: 276.74
24-hour drop: 0.6%
WEMIX (CRYPTO: WEMIX)
Price: $2.21
24-hour drop: 0.2%
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