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(Bloomberg) -- Bitcoin climbed past $100,000 again after softer-than-expected US inflation helped to rekindle demand for riskier assets ranging from equities to cryptocurrencies. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifacts — Top List of Endangered Mo

The original cryptocurrency has risen 9% since hitting a 30-day low of $90,600.

Today's CPI report turns out to mean a great deal to crypto investors.

Amazon stock has pulled back to its bullish 50-day moving average

(Reuters) -The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment, the Federal Reserve said on Wednesday, but businesses flagged a range of concerns about the potential for policies under President-elect Donald Trump to push prices higher. The findings, which draw on observations from the business and community contacts of each of the Fed's 12 regional banks through Jan. 6, provide a snapshot of the economy before Trump returns to the White House next week. "More contacts were optimistic about the outlook for 2025 than were pessimistic about it, though contacts in several Districts expressed concerns that changes in immigration and tariff policy could negatively affect the economy," the U.S. central bank said in its summary of surveys and interviews from across the country known collectively as the Beige Book.

John Bozzella, who leads the trade group representing major automakers in the U.S., said there’s “not a chance” that the states that follow California’s Advanced Clean Cars II regulations will achieve that benchmark this year.

Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy.