The crypto market was higher over the past 24 hours, as the majority of top 10 cryptos were in the green at time of writing. The UK 100 rose 0. 81% reached its highest level since December 2019.

Inflation has reached 7% in the US, which is its highest level in 40 year. Analysts expected the latest reading to be in line with their expectations. The surge was driven by higher prices for food, cars, and energy. All three US major indices rose yesterday, taking the inflation news in stride.

Investors will be closely following the monthly producer Price Index (PPI) data, set to be released today at 13: 30 GMT.

Top cryptos

Bitcoin climbed around 2%, trading above $43,000, while Ethereum and XRP were up around 3% each. Cardano is now up nearly 8%, its first significant gains in quite some time. It trades at $1. 30 and has a 24-hour trading volume of just over $2 billion.

Dogecoin is experiencing a surprising bull run. After whales bought it yesterday in large quantities, it is now doing well. Today, it added 12% to its value.

Shiba Inu is also up 12%, but the reason is a Robinhood listing rumor. This isn’t the first time this rumor has been reported. The same rumor could have caused Shiba Inu’s October 2021 peak.

Top movers

Harmony continues to grow. It gained 13% in the last 24 hours and an impressive 29% over the past week. Oasis Network is also trending with gains of 13% today.

Monero, which allows transactions to take place privately and anonymously, is up 10% today.

1inch Network, uniting decentralized protocols and enabling lucrative, fast, and safe operations in the DeFi space, added 10% to its value as well.

Zilliqa was briefly back in the top 100 biggest coins by market cap with gains of just over 10% in the last 24 hours.

Enjin Coin, a project by Enjin, which provides a network of interconnected, Blockchain-based gaming products. It is affected by bullish trends that affect other game tokens, adding 9 percent to its current value.

Another winner was XDC, the native cryptocurrency of XinFin. This enterprise-ready hybrid blockchain technology company is optimized for international trade, finance, and investment. It’s up 9% today.

Velas, the world’s fastest EVM blockchain with speeds up to 75 000 tx/s, gained 9% in the last 24 hours.

Fantom is continuing its bull run. It is up 7% today, bringing its 7-day growth to 10%.

Stellar Lumens is an open network that allows money moving and storage. It registered a surge around 7% today.

Trending

PAPPAY continues to be the largest gainer. It added a remarkable 900% value today. PAPPAY, a payment tool that generates passive income for its holders, is called a payment instrument. It allows for safe, simple, and quick online payments. It provides developers with an API and passive income of 1%.

GamingShiba is CoinMarketCap’s top-trending token. This cryptocurrency, described as being the link between gamers streaming platforms, NFTs and the Metaverse is up 61% within the last 24 hour.