10 Nov 202115:00

Suddenly, Bitcoin hits new all-time high after $2K gains in minutes

Ether follows suit as Bitcoin price action abandons its correction to reach its highest-ever levels.

Bitcoin (BTC) surprised everyone on Nov. 10 as BTC price action abruptly hit new all-time highs. The BTC price jump also coincided with news that U.S. inflation hit a 30-year high in October, reported the Wall Street Journal.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView