Bitcoin price flirts with all-time high as inflation threatens

The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation. Photo: Florence Lo/Illustration/Reuters

Bitcoin (BTC-USD) rallied on Monday in London, flirting with record highs, as expectations for inflation readings in the US pointed higher.

At 11.30am it was 6.6% up, trading at $65,884 (£48,848), having topped $66,000 earlier in the session. It looked set to breach the record high of $66,975 set in October. 

The recent…


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