Bitcoin's Rollercoaster Ride: Rally, Collapse, and Potential Bullish Streak

Bitcoin falls back to below $25,000 after reaching a nine-month high on Tuesday at about $26,500, following the release of the U.S. Consumer Price Index, which 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 U.S. government has called for a hold on Binance.US' deal to buy the assets of bankrupt crypto lender Voyager Digital for $1 billion, while Anchorage Digital is laying off roughly 20% of its staff due to the slide in digital asset prices.