Bitcoin slips below $74,000 mark, experts explain the factors influencing the cryptocurrency this week
Bitcoin price today: The world’s largest cryptocurrency was trading at $73,344.71 at time of writing, on 12 November, down 0.4% over the past 24 hours, with market capitalisation at $1.47 trillion, down 0.35%, according to data on CoinMarketCap.
While in the red, this is slight improvement from Bitcoin touching $72,695 on 10 November — its lowest level in around three months. As per a Bloomberg report, faster-than-estimated increase in United States inflation and signals that the US Federal Reserve could hike interest rates pushed down risk appetite for risk assets such as cryptocurrencies.
