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Bitcoin Falls Below $70,000 Following Inflation Data; Gala Becomes Top Loser

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $70,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, trading belowthe key $3,600 mark this morning. Nervos Network (CRYPTO: CKB) was the top gainer over the prior 24 hours, while Gala (CRYPTO: GALA) turned out to be the biggest loser. U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February. At the time of writing, the global crypto market cap fell to $2.58 trillion, recording a 24-hour decline of 2.8%. BTC was trading lower by 2.3% at $69,077…