Fed released CPI data for December, Bitcoin pushes above $19,000 for first time since FTX collapse

In the 12 months through December, the CPI increased 6.5%. That was the smallest rise since October 2021 and followed a 7.1% advance in November.

With an advance during the early afternoon Eastern time, Bitcoin (BTC) briefly rose above $19,000, up more than 4% for the day and at its highest level since it was gapping down in early November as crypto exchange FTX imploded. The overall market cap of cryptocurrencies hit $904.32 billion, a 1.97% increase over the last day.