bitcoin btcusd reached a monthly high on tuesday as betterthanexpected inflation data was released bitcoin was trading at just over 17500 on tuesday morning a price the digital asset has not hit since november 10 other cryptocurrencies like ether ethusd  dogecoin dogeusd  cardano adausd and solana solusd also jumped on tuesday amid signs that inflation is cooling the annual rate of inflation in november fell to 71  from 77 in the prior month the lowest level since the end of 2021 inflation peaked at 91 in june 2022 prices for bitcoin peaked at 68789 in november 2021 according to coinbase coin  the total market cap for all crypto was just under 3 trillion in 2021 but is now around 850 billion see also athletes like tom brady and odell beckham took crypto as compensation as of now that’s backfiring this is a tumultuous time for the crypto industry as the sec has officially charged sam bankmanfried with defrauding investors in the nowbankrupt ftx exchange bankmanfried was arrested in the bahamas on monday after the us justice department filed criminal charges against him john ray the new ceo of ftx is testifying in front of the us house committee on financial services on tuesday and called former ftx leaders “greatly inexperienced individuals”