Bitcoin Gains, Ethereum Stumbles Amid Crypto Market Bounce

On Wednesday, Bitcoin (BTC) showed upward movements, while Ethereum (ETH) faced losses, trading below $3,400. The top gainer was Ethena (ENA), while the biggest loser was Stacks (STX). Private businesses in the U.S. added 184,000 workers in March, exceeding market estimates. The global crypto market cap reached $2.5 trillion, reflecting a 0.5% increase over 24 hours.

Bitcoin Fluctuates, Ethereum Slides as Crypto Market Bounces

In a volatile trading session on Wednesday, Bitcoin (BTC) witnessed a modest increase, while Ethereum (ETH) endured losses. As of this writing, the global crypto market capitalization has risen to $2.5 trillion, reflecting a 0.5% gain over the past 24 hours.

Bitcoin and Ethereum Price Action

Bitcoin climbed higher, trading at $65,870, representing a 0.3% gain. However, the cryptocurrency remained below the crucial $66,000 resistance level.

Ethereum, on the other hand, retreated, dipping below the $3,400 mark. At present, ETH is priced at $3,314, experiencing a decline of approximately 0.2%.

Top Gainers and Losers

Over the past 24 hours, Ethena (ENA) emerged as the top gainer, surging by a remarkable 46.7% to reach $0.8838. Other notable performers included Flare (FLR), Bitget Token (BGB), Bittensor (TAO), and NEAR Protocol (NEAR), posting gains of 29%, 22.2%, 9.8%, and 8.4%, respectively.

Among the decliners, Stacks (STX) plummeted by 6.6%, followed by Aptos (APT) with a 4.8% drop. Fantom (FTM), Uniswap (UNI), and Maker (MKR) also experienced losses, ranging from 3.2% to 3.8%.

U.S. Economic Indicators

Private businesses in the United States added 184,000 workers in March, exceeding market expectations of 148,000 and surpassing the revised February gain of 155,000. This positive employment data suggests a robust U.S. economy.

Disclaimer

It is crucial to note that this article does not constitute investment advice. Investors should always conduct thorough research and consult qualified financial professionals before making any investment decisions.