Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin hit a new all-time high of $69,000 on the Bitstamp exchange at 2:15 p.m., extending its bullish streak after the Labor Department reported the biggest inflation jump in more than 30 years.  

The consumer price index has soared to a higher-than-expected 6.2%. 

The flagship cryptocurrency has so far failed to smash through the aforementioned level, retracing back to the low-$68,000 range after facing massive resistance.

With stocks opening in the red and Tesla shares dipping below the $1,000 level at market open, the ongoing market correction might throw a wrench in the works for bulls.

While Twitter is already busy writing corny 69 jokes about Bitcoin’s coolest price milestone to date, the internet will probably break when the largest cryptocurrency reaches $69,420 because of the sheer meme potential of that price point.

Bitcoin. Nice. pic.twitter.com/da5tPD1zBi

— Morning Brew ☕️ (@MorningBrew) November 10, 2021

Bitcoin is up roughly 12% this November.