Bitcoin rose - today, Friday - to its highest level in nearly a month, and exceeded $ 19,000 for the first time since December 14, as its value increased by about 5% in the past 24 hours.
It traded at $19,29, according to Bloomberg data.
At the time, “Ethereum”, the second largest currency in terms of value, rose by about 17%.
Bitcoin fell by about 74% from its highest level in November 2021 at $68,990, as the cryptocurrency market lost about $1.4 trillion amid a series of crises, most notably the fall of the FTX stock exchange.
Prices rose based on investors' bets that inflation will subside and that the Federal Reserve will slow down the pace of raising interest rates, which supported all types of assets at the beginning of 2023.
The results showed yesterday that inflation in the United States slowed in December, recording its lowest level in more than a year, according to what government data showed yesterday, indicating the possibility of the end of the worst price hike.
The Labor Department said that the consumer price index rose by 6.5% in December compared to the same month last year, which is the lowest price increase since October 2021.
The index recorded a decline after rising to 7.1% on an annual basis last November.
The Ministry of Labor statement said that the gasoline index was the biggest factor that contributed to the decline in commodity prices this month.
This ministry indicated that high rents are still a factor that increases consumer costs.
Between November and December, the consumer price index fell 0.1%.
This is the first time in about two years that this indicator has recorded a monthly decline, according to the data.