Cryptocurrencies

Bitcoin Hits Three-Week High Before CPI Data, Ethereum Upgrade

World’s largest token scales $22,000 as the dollar retreats
Inflation figures and Ethereum revamp could stoke volatility

WATCH: Bitcoin extended its rally on Monday. Emily Nicolle reports.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Joanna Ossinger and Vildana Hajric

September 12, 2022 at 4:26 AM UTC

Updated on

September 12, 2022 at 4:31 PM UTC

This article is for subscribers only.

Bitcoin extended a rally amid a brighter mood in global markets and as traders await US inflation data and monitor a seminal upgrade of the Ethereum blockchain.

The largest token rose as much as 3.9% on Monday and was trading a little above $22,000 as of 12:20 p.m. in New York. Smaller coins like Solana also pushed higher but Ether lagged.