Crypto Rally Sends Ethereum to New High, Bitcoin Near Record Price, Ahead of Inflation Data

Crypto Rally Sends Ethereum to New High, Bitcoin Near Record Price, Ahead of Inflation Data
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple, and Litecoin are seen in this illustration picture taken on June 2, 2021. Florence Lo/Illustration/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Cryptocurrencies started the week off on a solid footing, with Ethereum vaulting on Nov. 8 to a new record high and Bitcoin trading close to its all-time high, ahead of a closely-watched inflation data release later in the week.

Ethereum was trading at $4,730.38 on Coinbase at 7:31 a.m. New York time, after a sharp 4 percent rally over the past 24 hours saw it briefly touch $4,753.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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