Bitcoin and Ethereum jumped Tuesday along with stocks on positive news coming out of the U.S. about inflation. 

At the time of writing, the biggest cryptocurrency by market cap was up 3.4% in 24 hours, trading for $17,014, according to CoinGecko.  The coin is still down over 17% in the past week after the entire crypto market was battered on news of the high-profile collapse of digital asset exchange FTX. 

Meanwhile Ethereum, the second-largest cryptocurrency, jumped 2.6% in 24 hours, priced in at $1,269. The cryptocurrency which powers the smart contract platform and blockchain has been hit harder than Bitcoin in the past week: it’s down nearly 20% in seven days.