Bitcoin reached a new all-time high of $93,434, marking its 9th consecutive day of climbing higher.
The release of favorable CPI data, showing a modest increase of 0.2%, triggered the rally, with hopes for a rate cut.
Bitcoin (BTC) is making headlines again, hitting a new all-time high of $93,434 for the 9th consecutive day of impressive gains. At the time of writing, Bitcoin priced at $89,880, marking a 20% surge in just one week.
This latest rally follows a significant boost after the release of the latest Consumer Price Index (CPI) data, which showed a modest 0.2% increase from September’s 2.4% to 2.6%, sparking hopes for a potential rate cut. This further fueled the rally and contributed to growing optimism about Bitcoin’s prospects.
Since Donald Trump’s victory in last week’s US presidential election, BTC has soared more than 34% from $69,322 to its current record-breaking levels. In terms of market cap, Bitcoin now holds $1.78 trillion, surpassing the oil gia
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