As Economic Currents Shift, Bitcoin (BTC) and Ethereum (ETH) Locked in a Close Battle | Headlines | News | CoinMarketCap

11/15/2023 21:39
As Economic Currents Shift, Bitcoin (BTC) and Ethereum (ETH) Locked in a Close Battle | Headlines | News | CoinMarketCap

In the ever-fluctuating world of cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) recently experienced notable market shifts. On November 14, BTC …

In the ever-fluctuating world of cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) recently experienced notable market shifts. On November 14, BTC initially surged to $36,693 following unexpectedly positive US inflation data, showing core inflation slowing to 4% year on year and headline inflation slowing to 3.2%. 

However, the optimism was short-lived; the king cryptocurrency closed 2.5% lower in its worst daily performance in over two months, despite a weaker US Dollar Index. This wild rollercoaster of ups and downs highlights just how unpredictable Bitcoin (BTC) can be, especially after its dramatic 30% surge in the past month. 

ETH, the second-largest crypto, also faced a downturn, dropping more than 3.6% and closing below the $2,000 threshold. 

Amidst this market …

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