Bitcoin Rallies to New Record High After CPI Release
New data on bitcoin's hourly price chart shows a rally to new record highs in the wake of a hotter-than-expected October reading in the U.S. consumer price index (CPI). The report showed the cost of living in the U.S. rose 6.2% in October from a year earlier, the fastest since 1990. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Hits New All-Time High as Inflation Spikes 6.2% in October, Highest CPI Number Since 1990
Bitcoin has hit a new record high of $69,000 in some exchanges after the U.S. consumer price index jumped 6.2% in the last 12 months through October, the highest rate since 1990. “The Hash” team discusses what rising inflation could mean for bitcoin crypto markets and the overall financial sector.
Day 7 of Kleiman v. Wright: Wright Tells Jury Kleiman Only Mined ‘Testnet’ Bitcoins
"The Hash" hosts unpack the latest in the Kleiman v. Wright trial. Craig Wright, best known for his controversial claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, told a Miami jury Tuesday at least a portion of the 1.1 million bitcoins considered to be owed to Kleiman's estate were purchased, not mined. Wright also testified some of the bitcoins weren’t actually bitcoins at all but “testnet bitcoins.”
Is Bitcoin Due for Lower Lows After Jumping to New All-Time High?
Bitcoin's rally is slowing down after jumping to a new all-time high of $68,950. Senior Market Analyst at Oanda Edward Moya discusses what to make of the price pullback. Plus, short-term risks and "panic selling" to watch as he says bitcoin could consolidate between $65K-$75K until year-end while Wall Street traders take profits.
Compass Mining CEO on Launching Resale Market for Bitcoin Mining Equipment
Compass Mining, the bitcoin mining service provider, has launched a secondary resale market for retail mining customers to sell their bitcoin mining hardware. CEO Whit Gibbs shares insights into the launch and the impact of increasing hashrate on his business.
Bitcoin Price Action After Retaking All-Time High
Bitcoin is giving up some gains after reaching an all-time high near $68,500 Monday. Pantera Capital noted the last time bitcoin retook its all-time high, it went 3.2x above that. The average increase of the past three instances is 8.8x over a 166-day period. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Why Is Bitcoin, Ether Breaking All-Time Highs?
Both bitcoin and ether hit new all-time highs Monday night, but what's behind the push? Head of Market Insights at Genesis Global Trading, Noelle Acheson, discusses her take on the potential factors driving prices higher and how this all-time high differs from previous ones. Plus, insights into global buying trends and indicators to watch for short-term movement.
