CPI leads the market higher, Bitcoin 83K, ETH still falling

The lower-than-expected consumer price index (CPI) led the US stock market out of days of decline, with tech stocks rebounding strongly, and the prices of Nvidia and Tesla soaring. BTC consolidated in the range of 80K to 84K yesterday, while Ether was affected by the Hyperliquid (HYPE) manipulation incident, with a nearly 1% decline in the past 24 hours.

(Bitcoin is rising! The U.S. inflation rate reached 2.8% in February, CPI lower than market expectations)

CPI eases concerns about stagnant inflation

President Trump said on Wednesday that the United States will respond to the EU's retaliatory measures against its new 25% tariffs on steel and aluminum, escalating the risk of Trump's global trade war. Earlier that day, after the Trump administration continued to impose global tariffs on imported materials such as steel and aluminum, Canada announced a new 25% tariff on US products worth approximately $20.8 billion.

In February, the US CPI and the core CPI, which excludes food and energy prices, both increased by 0.2%, while the market generally expected a rise of 0.3%. Given that tariffs may push up the costs for American households, the better-than-expected result is a positive signal and also alleviates investors' concerns about stagnant inflation.

However, according to analysts at TD Securities, despite the recent improvement in the consumer price index, the uncertain outlook for inflation persists due to the development of trade policies. In this context, the Fed is unlikely to change its policy guidance quickly.

The next Federal Reserve interest rate decision will be announced on 3/19. The market generally expects the FED to keep interest rates unchanged, and according to the CME FedWatch Index, traders believe the Fed may cut rates again in June and September.

The market will focus on the U.S. Producer Price Index (PPI) and initial jobless claims tonight, as well as the University of Michigan Consumer Confidence Index on Friday.

BTC 83K, ETH still falling

BTC oscillated and consolidated between 80K and 84K yesterday, with a reported price of $83,411 before the deadline, a nearly 1% increase in 24 hours.

While Ether is still hovering around 1,900, it is affected by the Hyperliquid (HYPE) manipulation event, with a drop of nearly 1% in the past 24 hours.

(Hyperliquid (HYPE) plummeted 11% in an instant! Suspected of encountering malicious price manipulation, causing a loss of 4.03 million magnesium in liquidity funds )

The top ten cryptocurrencies by market value have mostly seen a slight increase. The fear and greed index has risen from 27 yesterday to 34, indicating a slight easing of market sentiment.

This article CPI leads the market to rise, BTC 83K, ETH still falling first appeared in Chain News ABMedia.