Bitcoin surged above $91,000 for the first time on Wednesday, extending its postelection rally as traders digested October inflation data. Inflation was up 0.2% in October, bringing the annual rate to 2.6%, matching expectations. Many investors view Bitcoin as a hedge against inflation, further driving its recent gains. Other cryptocurrencies also saw modest gains, with Ether and Solana up around 1%, while Dogecoin jumped 8%.