Cryptocurrency market shows stability amid macroeconomic news from the US

The latest information on the state of the economy in the United States did not affect the cryptocurrency market. Quotes of the leading digital currencies have remained virtually unchanged over the past day.

At the time of writing, bitcoin BTC $83,361.10 Bitcoin 0.89% Market capitalization $1.65 trillion VOL. 24 hours $1.44 billion is showing a 1.71% drop and is trading at $ 41,133. The market capitalization of the asset amounted to $ 804.9 billion, and traders made daily trading deals worth $ 25 billion. BTC’s market share is 52.2%.

As for the leading altcoin ETH $1,826.96 Bridged Ether (StarkGate) 1.42% Market capitalization $0.16 billion VOL. 24 hours $0.88 billion , as of this moment, ethereum is available for $ 2,155, a drop in value of 2.46%. The coin’s market capitalization is at $ 261.3 billion, and daily trading transactions have exceeded $ 12.3 billion. ETH’s dominance in the market has dropped to 16.9%.

Market analysts note that the consumer price index (CPI) for November 2023 met economists' forecasts. The overall inflation rate fell to 3.1% compared to 3.2% in October. The overall CPI rose by 0.1%, which was expected.

The core index, which excludes volatile food and energy, increased by 0.3%. The annual core consumer price index was 4% higher.

According to numerous crypto experts, the latest inflation data is unlikely to affect the position of market participants. The US Federal Reserve will almost certainly continue to adhere to its policy of inaction at its next meetings, keeping the benchmark federal funds rate in the range of 5.25% to 5.5%.