The price of bitcoin jumped 5% minutes after the latest monthly inflation report. gettyKey FactsBitcoin, the world's largest cryptocurrency, hit a new record high of $69,044 shortly after 9:15 a.m. ET on Wednesday, according to CoinGecko, eclipsing a record set early Tuesday; CoinMarketCap and CoinDesk logged record highs of $68,742 and $68,991, respectively. Surprising FactThe combined market value of the world’s cryptocurrencies—at about $3.1 trillion on Wednesday—has skyrocketed about 600% over the past year. Further Reading‘Meatflation’ Gets Worse In Latest Inflation Report As Beef Prices Skyrocket To Decades Highs (Forbes)Ether And Bitcoin Surge Towards Record Highs As Crypto Market Passes $3 Trillion (Forbes)

Source: Forbes November 11, 2021 03:07 UTC