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.
In the last 24 hours, the market cap of Bitcoin, the world s largest cryptocurrency, surged to $689 billion. Bitcoin s dominance is currently 51.75%, according to CoinMarketCap. BTC volume in the last 24 hours surged 43.07% to $18.66 billion.
Even as we have seen Bitcoin go up daily for 4 days in a row now, the $28k-31k range has acted as a major liquidity zone and BTC must cross the $31.5k-33k zone before one can say with certainty that this resistance zone has been broken, said Shubham Hudda, Senior Manager at CoinSwitch Markets Desk.
Bitcoin was back in red as it shed more than a per cent but managed to hold above 28,000-levels, while Ethereum also fell over per cent to barely remain above $1,550-level.