Bitcoin tops $22,000, hitting highest in nearly a month ahead of inflation data and Ethereum merge

Bitcoin topped $22,000 as it continues a week-long rally ahead of U.S. inflation data and a highly anticipated Ethereum network upgrade.

The world’s largest cryptocurrency hit $22,341.50 at 9:45 p.m. ET Sunday before dipping slightly, according to CoinDesk data. Bitcoin was trading at $22,203 at around 4:03 a.m. ET on Monday.

After falling below $19,000 on Wednesday to its lowest level since June, bitcoin has since rallied around 17%.

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