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US Inflation’s 3-Decade-High Surge Provides Tailwind for Bitcoin

The Labor Department’s Consumer Price Index is closely tracked by bitcoin traders because the cryptocurrency is seen by some investors as a hedge against inflation.

By Bradley Keoun

Updated May 11, 2023, 6:45 p.m. Published Nov 10, 2021, 1:41 p.m.

Inflation worries are front and center from cryptocurrencies to traditional markets. (Art Institute of Chicago, modified by CoinDesk)