Bitcoin jumps to monthly high as U.S. inflation slows

Bitcoin BTCUSD,
+3.12%
It hit a monthly high on Tuesday as better-than-expected inflation data was released.

Bitcoin was trading just above $17,500 on Tuesday morning, but the digital asset has not reached this price since Nov. 10 — Ether ETHUSD,
+3.37%,
Dogecoin DOGEUSD,
+1.52%,
Cardano ADAUSD,
+1.79%
Solana SOLUSD,
+2.93%
It also surged Tuesday, amid signs that inflation has calmed down.