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    BTC, ETH surge to new records on US 30-year high inflation data

    By Daniela Ešnerová

    16:32, 10 November 2021

    Bitcoin coins
    Bitcoin surged – Photo: Shutterstock

    Bitcoin and ether surged to new records after the US posted 30-year high inflation data. 

    The big jump in bitcoin's price happened right after the release of latest American inflation data at 8:30 am EST, reaching the new record high at 9:24 am. 

    The biggest cryptocurrency reached as high as $68,611.18 (£50,956.96), according to CoinMarketCap.com, while the CoinGecko.com website shows the digital coin reached $69,044.77 for the first time ever.

    Chart: Bitcoin and ether surge as US inflation hits 30-year high

    Chart representing bitcoin and ether surge.Bitcoin, ether surge following the release of latest U.S. inflation data. – Credit: TradingView

    Bitcoin was followed by ether, which broke a record of its own. The second biggest cryptocurrency by market capitalisation climbed to $4,859.50, according to CoinMarketCap, or $4,878.26, according to CoinGecko's count.

    Related topics

    #Cryptocurrency #Bitcoin

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