Bitcoin has reached a 9-month high, according to First Mover Americas

Bitcoin's rally continued on Tuesday, with an 18% increase over the past 24 hours, breaking the $25,000 mark following the release of U.S. inflation data. The cryptocurrency has reached around $26,200, a nine-month high, and over $100 million worth of bitcoin shorts were liquidated on Monday. Ether also gained 10% on Tuesday, and crypto exchange OKEx's OKB token rose 25%. The Commodity Futures Trading Commission has appointed former White House official Carole House as the new chairwoman and blockchain analysis company TRM Labs' Ari Redboard as vice chairman of its Technology Advisory Committee. Meanwhile, Coinbase has officially suspended trading for the binance USD (BUSD) stablecoin due to liquidity concerns. This decision came after Paxos Trust, the company that issues BUSD, stopped minting the stablecoin as a result of regulatory action by the New York Department of Financial Services and the U.S. Securities and Exchange Commission.