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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