CoinDesk reported:
Bitcoin (BTC) and ether (ETH): The largest cryptocurrency by market capitalization climbed 4% to the $17,700 level after the U.S. Consumer Price Index (CPI) report showed inflation slowing more than expected in November. The report signaled progress in the Federal Reserve’s campaign to stem soaring inflation. BTC was trading as high as $17,954 over the past 24 hours. Ether followed a similar pattern, trading up 4% to $1,310. Equity markets also turned green, with the tech-heavy Nasdaq Composite closing up 1.01%. The S&P 500, which has a strong technology component, was up 0.73% and the Dow Jones Industrial Average (DJIA) was up 0.3%.