On background publications According to inflation data from the US Federal Bureau of Labor Statistics (BLS), the quotations of the first cryptocurrency have increased by 5% and have reached $18,000.
At the time of writing, Bitcoin is trading at $17,800, Ethereum is above $1,300.
According to the BLS, US inflation rose 0.1% in November. In annual terms PCI reached 7.1% (7.7% in October) with a forecast of 7.3%.
The cryptocurrency market has reacted positively to the data released by the BLS. According to CoinGeckosince then the total capitalization of digital assets has reached its maximum level FTX crash in early November to $913 billion.
The US stock market reacted similarly. At the time of writing, the Nasdaq Composite index increased at 2.3%, the S&P 500 increased by 1.8%, Dow Jones indicator added 1%.
Recall that former BitMEX CEO Arthur Hayes said so bitcoin has hit rock bottomsince almost all “irresponsible organizations” have run out of BTC to sell.
Earlier, Galaxy Digital founder Mike Novogratz repeated his prediction of the growth in the price of the first cryptocurrency. up to $500,000.
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