Bitcoin Jumps to New All-Time High, Gold Rallies, as Inflation Expectations Surge

Bond traders are increasing their bets on faster inflation after the U.S. Consumer Price Index jumped 6.2% in the 12 months through October, the highest rate in three decades.

Nov 10, 2021 at 2:45 p.m. UTC

Updated Nov 10, 2021 at 2:59 p.m. UTC

Bitcoin’s hourly price chart showing a rally to new record high after CPI release. (TradingView/CoinDesk)

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