On Tuesday, November 14, Bitcoin entered the trading arena with a marginal loss of 1.25 percent.
While this dip had a limited impact on Bitcoin’s overall price, which has remained relatively stable, the cryptocurrency was valued at $36,456 at the time of reporting.
Analyzing the value drop associated with the day’s loss, Bitcoin experienced a decrease of $623 over the past 24 hours.
In contrast, Ether witnessed a modest price increase of 0.42 percent on Tuesday, reaching a value of $2,052 at the time of writing.
The incremental growth in Ether amounted to $3 over the last day.
Market analysts suggest that the announcement of the US Consumer Price Index (CPI) figures, both monthly and yearly, could potentially influence Bitcoin prices.
Positive CPI data might drive prices higher, while negative data could contribute to a decline in cryptocurrency values, according to insights from the CoinDCX research team, as shared with Gadgets360.
Over the preceding 24 hours, the overall cryptocurrency market valuation experienced a marginal decline of 0.66 percent, currently resting at the $1.4 trillion mark.
As the market continues to navigate fluctuations, investors remain attentive to external factors, such as economic indicators, that may impact the trajectory of digital asset values.
