Markets show that Bitcoin once rose above $19,000 and is currently at $18,851, a 24-hour increase of more than 7%, the highest level since the FTX crash in early November last year. Bitcoin is down 63% in 2022, but has rebounded about 14% so far this year. At the same time, Ethereum broke through $1,400, up more than 6% in 24 hours. Elsewhere, Coinbase closed up nearly 9 percent, Silvergate rose nearly 13 percent and MicroStrategy rose 7.9 percent. The previously announced U.S. consumer price index (CPI) rose 6.5% year-on-year in December, in line with expectations, lower than the 7.1% increase in November. Slowing inflation could further slow the pace of rate hikes by the Fed, which is likely to lower rates to 25 basis points at its next meeting, which ends on Feb. 1, from 50 basis points in December.