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Wednesday, December 11, 2024

Bitcoin has broken the ceiling. Cryptocurrency is going for a new record. Inflation data from the USA helped

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Will there be another record? On Wednesday, December 11, around 21 Bitcoin was valued at over 101,000. dollars. A few hours earlier it broke the 100,000 mark. dollars. Recall that the current record for this cryptocurrency, i.e. $103,844, was set on December 5. Another popular digital currency is also gaining. Ethereum is valued at approximately PLN 3.8 thousand. dollars.

Bitcoin rate Chart: Stooq.pl

Inflation data from the US helped: US consumer prices in November increased by 0.3 percent month to month i 2.7 percent year to year. Inflation readings were in line with expectations and strengthened cryptocurrencies – notes CNBC. The Fed is expected to cut interest rates again in December.

Watch the video What should you learn to get a good job? “Skills and competences are important”

More we wrote about cryptocurrencies in the text: “The end of anonymity. Changes in cryptocurrencies are just around the corner. 'I'm not surprised by the lament'“.

Sources: Stooq, CNBC

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