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Bitcoin Jumps to New All-Time High as Inflation Spikes to 6.2% in October

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. Still “transitory?”

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