Bitcoin's value dropped below US$27,000 on Sunday and continued to dip on Monday, with all top 10 non-stablecoin cryptocurrencies falling except for Tron, which saw a rise. The decline in Bitcoin's value is being attributed to wider macro developments and investors weighing the implications of U.S. debt ceiling negotiations. Despite lower than expected U.S. consumer price index data and ongoing efforts to raise the U.S. debt ceiling, Bitcoin has failed to react positively. Tron, on the other hand, climbed 2.73% over the past 24 hours, possibly due to the announcement by its founder Justin Sun that he would begin trading in memecoins.
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Bitcoin and Ether Fall as Tron Rises Amidst Implications of US Debt Ceiling Negotiations
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U.S. consumer confidence improves again in November, reaching a two-year high
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