$BTC rose 18% over the past 24 hours, building on Monday's gain and reaching a nine-month high at above $26,000. LedesmaLyllah reports.''
Bitcoin continued to rally early Tuesday, building on Monday's gain, with an 18% increase over the past 24 hours.
The world's largest cryptocurrency broke the $25,000 mark following the release of U.S. inflation data. The cryptocurrency has since reached around $26,200, a nine month high. Over $100 million worth of bitcoin shorts, or bets against a rise in prices, were liquidated on Monday. Ether also gained on Tuesday, up 10%, and crypto exchange OKEx’s OKB token rose 25%.
The Commodity Futures Trading Commission announced former White House official Carole House as the new chairwoman and blockchain analysis companyCFTC published a list of its members to the committee on Monday , announcing the committee had been newly constituted and is being sponsored by Commissioner Christy Goldsmith Romero, who took office last March.
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