The increase came as traders bet on a slowdown in U.S. inflation.

Bitcoin has posted a bullish run for the first time in a month.

This is as Bitcoin’s price rose by 5% to more than $18,000 on Thursday January 11, 2023.

Information released by Binance Exchange Bitcoin showed that the flagship cryptocurrency is currently trading for $18.1K on Thursday morning. 

The increase came as traders bet on a slowdown in U.S. inflation, even as the discovery by FTX’s lawyers of billions of dollars’ worth of assets also influenced the market’s sentiments.