After messages The US Federal Bureau of Labor Statistics (BLS) on inflation, the cost of bitcoin increased by 6% to $17,000. The price of Ethereum overcame the level of $1200.
Now Bitcoin is trading near $17,800, Ethereum – about $1333.
The BLS reports that US inflation increased by 0.4% in October. In annual terms, CPI reached 7.7% (8% in September). Core inflation, which excludes food and energy prices, was 6.3% (previous 6.6%).
As you can see, the cryptocurrency market reacted positively to the data published by BLS. Based on the data CoinGeckothe top 10 digital assets by capitalization have been in the green zone over the past hour.
A similar reaction in the US stock market. For example, the Nasdaq Composite index increased by 4.8%, S&P 500 increased by 3.75%, Dow Jones indicator added 2.45%.