Bitcoin Falls Back to Below $25K

Bitcoin has retreated to below $25,000 after reaching a nine- month high on Tuesday at about $26,500. The rise for the world’s largest cryptocurrency by market value came minutes after the U.S. Consumer Price Index was released. The index showed that the rate of inflation is slowing down. Meanwhile, altcoins continue to rally, with stacks (STX) taking the lead up 36% over the past 24 hours. The IMX token for Immutable X,  a layer 2 scaling tool for non-fungible tokens on the Ethereum blockchain, surged 30%.

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