<p>Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week's collapse of Silicon Valley Bank.</p>.<p>Bitcoin rose to $26,533 at around 1306 GMT, up around 10% on the day at its highest since June 2022. It gained 7.6% on Sunday and 9.1% on Monday.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/binance-to-convert-crypto-recovery-fund-to-native-crypto-after-svb-collapse-1199707.html" target="_blank">Binance to convert crypto recovery fund to native crypto after SVB collapse</a></strong></p>.<p>The dollar was little changed overall after US consumer price data on Tuesday showed inflation still rising, but at a slower pace than the previous month, in a widely anticipated reading that may lead the Federal Reserve to slow or even pause hiking interest rates next week.</p>.<p>Cryptocurrency prices fell sharply in 2022 as rising rates prompted investors to ditch risky assets. A series of collapses at high-profile crypto firms, including major exchange FTX, left customers with large losses.</p>
<p>Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week's collapse of Silicon Valley Bank.</p>.<p>Bitcoin rose to $26,533 at around 1306 GMT, up around 10% on the day at its highest since June 2022. It gained 7.6% on Sunday and 9.1% on Monday.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/binance-to-convert-crypto-recovery-fund-to-native-crypto-after-svb-collapse-1199707.html" target="_blank">Binance to convert crypto recovery fund to native crypto after SVB collapse</a></strong></p>.<p>The dollar was little changed overall after US consumer price data on Tuesday showed inflation still rising, but at a slower pace than the previous month, in a widely anticipated reading that may lead the Federal Reserve to slow or even pause hiking interest rates next week.</p>.<p>Cryptocurrency prices fell sharply in 2022 as rising rates prompted investors to ditch risky assets. A series of collapses at high-profile crypto firms, including major exchange FTX, left customers with large losses.</p>