Bitkids Foundation

The U.S. consumer price index (CPI) rose 0.1% in November as compared to October, slowing more than expected from October’s 0.4% pace, which is a sign of progress in the Federal Reserve's campaign to bring down soaring inflation.

The report pushed up prices for cryptocurrencies, based on the expectation that less-worrisome consumer-price increases might give the Fed more cover to ease up on interest-rate hikes. Bitcoin, the largest cryptocurrency by market value, which has been relatively steady so far in December, jumped 1.6% in the minutes after the report was released, to about $17,930; it's up 5.2% over the past 24 hours.
Source: CoinDesk
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