A highly anticipated report on U.S. consumer prices is scheduled for release later this week, and this has caused the price of bitcoin to surge to its highest level in three weeks. Shares of publicly traded Bitcoin BTC tickers down $17,219 miners surged on the 9th of January as traders piled into equity markets amid growing bets that the United States Federal Reserve would soon be able to relax its aggressive fight against inflation. The bets were fueled by the expectation that the United States Federal Reserve would soon be able to relax its aggressive fight against inflation. In intraday trading, Bitcoin mining companies such as Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), and Marathon Digital Holdings (MARA), among others, all posted gains in the double digit percentage range. A general improvement was seen across equity markets at the same time as the rally, with the large-cap S&P 500 Index increasing by 1% and the technology-focused Nasdaq climbing by 2% before paring ...

As the release of this week's U.S. CPI report has everyone on edge, the price of BTC has risen to levels not seen in three weeks. Publicly traded Bitcoin BTC tickers down $17,219 miners saw a huge increase in value on January 9 as traders flocked to the equity markets on the expectation that the Federal Reserve of the United States would soon be able to ease its aggressive fight against inflation. Gains of double digits were seen in intraday trading for Bitcoin mining stocks like Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), and Marathon Digital Holdings (MARA). Large-cap stocks on the S&P 500 Index rose by 1% and tech stocks on the Nasdaq gained 2% before retreating in tandem with the rally. The U.S. Consumer Price Index report due later this week is being closely watched in anticipation of data showing continued moderation in cost pressures, which would boost the markets. The Federal Reserve's campaign of rate hikes seemed to be successful on January 7 when the Lab...