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Bitcoin, Ethereum Move Lower Following CPI Data; Cosmos Becomes Top Loser

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $37,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, but traded above the key $2,000 mark this morning. Bitget Token (CRYPTO: BGB) was the top gainer over the prior 24 hours, while Cosmos (CRYPTO: ATOM) turned out to be the biggest loser. The annual inflation rate in the U.S. eased to 3.2% in October versus 3.7% in both September and August, and compared to market estimates of 3.3%. At the time of writing, the global crypto market cap fell to $1.39 trillion, recording a 24-hour decline of 1.6%…