Bitcoin reacts to inflation data, Cardano tumbles

Bitcoin (BTC) rebounded to target $37,000 as the latest US inflation data showed slower-than-expected inflation in October. The Consumer Price Index (CPI) came in 0.1% below market forecasts, leading to a positive reaction in the stock market. While Bitcoin reacted modestly, it remained rangebound. On-chain monitoring indicated thin liquidity, with retail investors increasing their BTC exposure. Analysts noted that price retracements are normal and healthy in a bull market, and deeper corrections could still occur.