Crypto Price Today: Bitcoin falls below $35,600; XRP, Toncoin shed up to 5%
Data showed US consumer prices were unchanged in October, and the annual rise in underlying inflation was the smallest in two years. In the 12 months through October, the CPI climbed 3.2% — below economists' estimates — after rising 3.7% in September.
Meanwhile, the global cryptocurrency market cap fell by 2.3% to around $1.37 trillion in the last 24 hours.
At 11:57 a.m., Bitcoin was trading 3.1% lower at $35,562, while the second most popular token, Ethereum, was down 3.9% at $1,980.
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View Details»«The crypto market has shown a healthy correction in the last 24 hours. BTC dropped below the $36k mark. The next line of support for BTC is at $33.5k; if BTC maintains that, we are still in a good uptrend,» Shubham Hudda, Senior Manager at CoinSwitch Markets Desk said.
Other popular altcoins, including the likes of XRP and Toncoin, declined 5% and 4%, respectively. Also, Dogecoin, Tron, Polkadot, and Shiba Inu fell 2-3%.
The total volume in DeFi is currently $6.98 billion, 10.78% of the total crypto market 24-hour volume. The volume of all stablecoins is now $57.47 billion, which is 88.74% of the total crypto market 24-hour volume.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, declined to $695 billion. Bitcoin's dominance is currently 50.72%, according to CoinMarketCap. BTC volume in the last 24 hours surged 29.8% to $23.84 billion.
«In a positive development, despite China
