Commodities & currencyEconomic Times
Bitcoin slips below $74,000, Ethereum falls to $2,053 as US inflation, rising Treasury yields and ETF outflows weigh on…
Negative-2
GreyOak summary
Bitcoin dropped below $74,000 to $73,813 while Ethereum fell to $2,050 due to rising US inflation and Treasury yields. US core inflation rose 0.3% in October, exceeding forecasts and fueling concerns over tighter monetary policy. ETF outflows of $201 million further pressured the market, with Bitcoin testing support near $73,100.
What it affects
- BitcoinNegative -2
Bitcoin slipped below $74,000 to $73,813Rolling sentiment Negative -38
US inflationNegative -2US core inflation rose 0.3%Rolling sentiment Negative -44
- EthereumNegative -2
Ethereum fell to $2,050 as selling momentum increasedRolling sentiment Negative -15
