Cryptocurrency
114 Video
duration: 4 Hour and 34 Minute
Bitcoin Hits $91,000, Extending Postelection Rally Amid Inflation Data
00:00:35
Bitcoin surged above $91,000 for the first time on Wednesday, extending its postelection rally as traders digested October inflation data. Inflation was up 0.2% in October, bringing the annual rate to 2.6%, matching expectations. Many investors view Bitcoin as a hedge against inflation, further driving its recent gains. Other cryptocurrencies also saw modest gains, with Ether and Solana up around 1%, while Dogecoin jumped 8%.
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