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With inflation surging to a 31-year high in the U.S. amid continuing global inflation fears, will the price of Bitcoin continue its skywards trajectory?

Inflation appears to have officially moved into the U.S. economy as consumer prices rocketed higher than expected last month, jumping 6.2% annually.

U.S. consumer prices rose at a more moderate pace in August, signaling that inflationary pressures are beginning to ease slightly.