Ethereum Falls Below $1,600; Arbitrum Becomes Top Loser

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $26,000 level on Monday.
Ethereum (CRYPTO: ETH) also traded lower, falling below the key $1,600 mark this morning.
Tether Gold (CRYPTO: XAUt) was the top gainer over the prior 24 hours, while Arbitrum (CRYPTO: ARB) turned out to be the biggest loser.
At the time of writing, the global crypto market cap fell to $1.03 trillion, recording a 24-hour decline of 0.8%. BTC was trading lower by 0.5% at $25,729 while ETH fell by around 2% to $1,593 on Monday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers
Tether Gold (CRYPTO: XAUt)
Price: $1,933.15
24-hour gain: 0.8%
Astar (CRYPTO: ASTR)
Price: $0.05968
24-hour gain: 0.6%
PAX Gold (CRYPTO: PAXG)
Price: $1,903.27
24-hour gain: 0.2%
Bitcoin Cash (CRYPTO: BCH)
Price: $189.51
24-hour gain: 0.2%
Losers
Arbitrum (CRYPTO: ARB)
Price: $0.8118
24-hour drop: 6.5%
ApeCoin (CRYPTO: APE)
Price: $1.20
24-hour drop: 5.5%
Sui (CRYPTO: SUI)
Price: $0.4391
24-hour drop: 5%
Axie Infinity (CRYPTO: AXS)
Price: $4.26
24-hour drop: 4.9%
Pepe (CRYPTO: PEPE)
Price: $0.0000006893
24-hour drop: 4.4%
Frax Share (CRYPTO: FXS)
Price: $5.03
24-hour drop: 4.3%