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Crypto markets rally as inflation rages at 30-year high
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Cryptocurrency markets rose to record highs on Wednesday, as investors continued to pile into Bitcoin (BTC) and alternative coins against a backdrop of surging inflation in the United States.
The cryptocurrency market capitalization — an important barometer for the health of the digital asset class — reached a high of $3.11 trillion, according to Coingecko. The asset class has grown by a cumulative 20% over the past two weeks.
Bitcoin’s price suddenly spiked above $69,000 through the morning
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