Bitcoin Falls Below $42,000 Following Inflation Data; Frax Share, eCash Among Top Losers

Bitcoin (BTC/USD) moved lower, evidenced by the cryptocurrency prices tumbling beneath the $42,000 level on Tuesday. Ethereum (ETH/USD) also bewilderingly recorded losses, trading down below the $2,300 mark. KuCoin Token (KCS/USD) existed as the top gainer within the preceding twenty-four hours, while Frax Share (FXS/USD) became the number one loser. Interestingly, at the point of writing, the global cryptocurrency market cap distanced to nearly $1.57 trillion, reckoning an obvious dip of 0.9% in a time frame of 24 hours. BTC was trading lower by 1.5% at approximately $41,657 while ETH had dropped by almost 1.7% to be at around $2,209 by Tuesday. In summation, here below are the top gainers and the runners up from the other side of the podium:

  • KuCoin Token KCS/USD Price: $13.58 24-hour gain: 36.9%
  • Osmosis OSMO/USD Price: $1.02 24-hour gain: 23.5%
  • Celestia TIA/USD Price: $12.50 24-hour gain: 21.4%
  • Beam BEAM/USD Price: $0.02111 24-hour gain: 16.4%
  • Injective INJ/USD Price: $26.46 24-hour gain: 15.7%
  • Frax Share FXS/USD Price: $8.64 24-hour drop: 9.1%
  • eCash XEC/USD Price: $0.00003359 24-hour drop: 7.8%
  • Curve DAO Token CRV/USD Price: $0.6478 24-hour drop: 6.9%
  • BitTorrent (New) BTT/USD Price: $0.000001324 24-hour drop: 6.6%
  • Terra LUNA/USD Price: $0.9528 24-hour drop: 6.3%

Meanwhile, a close examination at Johnson Controls, Oracle, and few other stocks are worth pondering prior to Tuesday.