Bitcoin returned to marks above $ 17,000 amid the publication of inflation data in the United States

Against https://gagarin.news/news/mexican-and-colombian-drug-cartels-have-begun-to-use-bitcoin-more-often/ the backdrop of the publication of the US Federal Statistics Department of Labor Statistics (BLS), Bitcoin quotation inflation increased by 6%, returning to marks above $ 17,000. Ethereum price overcame $ 1200.

At the time of writing, the first cryptocurrency is traded near $ 17,600, broadcasts – about $ 1290.

According to BLS, according to the results of October, inflation in the United States increased by 0.4%. In annual terms, CPI reached 7.7% (8% in September). Basic inflation, which does not take into account the prices of food and energy products, amounted to 6.3% (the previous indicator is 6.6%).

Analysts surveyed by Reuters expected that the annual CPI would reach 8%, the basic indicator – 6.5%.

The cryptocurrency market reacted positively to the published BLS data. According to Coingecko, all digital assets from the TOP-10 in capitalization over the last hour were in the “Green Zone”.

The American stock market reacted similarly. By the time of preparation of the material, the NASDAQ Composite index increased by 4.8%, S&P 500 increased by 3.75%, Dow Jones indicated 2.45%.

Recall that on the night of October 10, Bitcoin tested marks below $ 16,000, and the price of Ethereum broke out $ 1100.

Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.