Trader Top 9: Bitcoin Flirts with $69,000

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Welcome back to the Trader Top 9! This week's headlines were dominated by creeping inflation and the strengthening Bitcoin narrative, causing it to briefly flirt with $69,000 before retreating to $65,000. Let's dive in!

9. Late last Friday, the House infrastructure bill passed. Fortunately, we still have until 2023 to fix the problematic language around crypto.

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8. Sunday treated us to one of the best threads on crypto we've seen in a while. Consider it a "must read" on this Veterans Day of all days.

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7. Tim Cook, CEO of one of the largest companies in America, gets it.

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6. As one of the few pure crypto plays in the public markets, Coinbase earnings are widely watched. While the numbers disappointed analysts, we're very bullish on the future of the crypto.

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5. On Tuesday, Robinhood addressed questions about coin listings by saying they will proceed cautiously and focus on long-term growth opportunities.

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4. By Wednesday, we were treated to this crazy story from the OpenSea NFT platform. Holy smokes! Buyer beware when trading in new markets.

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3. Perhaps the biggest story of the week was the persistent grind of inflation as CPI numbers shocked. Druckenmiller questions why the Fed still has its foot on the accelerator.

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2. So what's the answer to creeping inflation and threats to the US dollar? It's not just places like El Salvador moving to Bitcoin, even the city of Miami is experimenting.

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1. Following Wednesday's shocking inflation report, Bitcoin briefly touched $69,000 on some exchanges before retreating to $65,000. Crypto traders try to assess their next move. Finance Papi cautions to play the long game.

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