Bitcoin breaks another historical record at $ 91,000

The US inflation rate in October was in line with market expectations, amounting to 2.6% year-on-year. This supported optimism among cryptocurrency investors. Immediately after the report was released, the price of Bitcoin BTC $90,571.33 Bitcoin -0.69% Market capitalization $1.79 trillion VOL. 24 hours $2.11 billion instantly rose to a new all-time high of $ 91,000. This means that the cryptocurrency rose by 0.5% on the day the report was published, reaching a total daily gain of 3.8%.

Consumer prices rose by 0.2% compared to the previous month, according to forecasts, while the index, which excludes food and energy prices, also increased by 0.3%. Analysts note that the Fed is unlikely to change the interest rate based on the report, but the increased likelihood of a rate cut by the end of the year has affected market sentiment.

According to the analytical tracker CoinMarketCap, at the time of writing, the flagship of the crypto market is trading at $ 90.751 with a market capitalization of $ 1.80 trillion. Traders made daily trading deals worth $ 106.6 billion.