The CPI report showed that the index for all items rose 6.8% in the 12 months through November, the highest level since May 1982, when it was 6.9%.
ET report, but quickly ceded those gains to trade in the red as analysts leapt to the logical conclusion – that the high inflation rate might provide ample motivation for the Federal Reserve to decide to accelerate its withdrawal of monetary stimulus at its meeting next week – the last scheduled gathering of 2021 for the U.S.
The collective lost out to Ken Griffin – the founder of the Citadel hedge fund who snapped up the piece with a winning bid of $43 million, reportedly because his son told him to.
But that didn’t stop crypto traders from pushing the token to a market cap of $839 million, according to CoinMarketCap.
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Tracy Wang is a senior reporter at CoinDesk.
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