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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, while the 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.

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