As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin

Price Point

Bitcoin (BTC) was lower, after an intraday price spike on Tuesday took the largest cryptocurrency to a new all-time high of $48,226.25, based CoinDesk 20 data.   

$50K in sight: “Bitcoin needs a couple more big endorsements, and that could be the key to take prices above the $50,000 level,” Edward Moya, senior market analyst for the foreign-exchange broker Oanda, wrote Tuesday. 

Inflation watch: European shares and U.S. stock futures were higher as Bloomberg News reported…


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