Bitcoin stalls despite low US CPI as trade war fears grow

The latest data on American inflation was lower than expected, but Bitcoin had a hard time maintaining gains as the business war problems weighed on feeling.

According to the latest data Released on March 12, the February consumer price index increased by 2.8%below 2.9%forecast. The basic ICC, which excludes food and energy, fell to 3.1%, slightly better than the expected 3.2%.

The markets responded by increasing betting on federal reserve rate drops. Merchants are now 31.4% of a drop in May, compared to only 9% last month. The probability of three discounts by the end of the year increased to 32.5%, while expectations of four reductions rose from 1%to 21%.

Bitcoin (BTC) briefly exceeded $ 84,000 before falling back to $ 83,000, annihilating the majority of its post-CPI gains, despite the softer inflation data. Actions could not support early gains and other financial markets have also suffered. Analysts underline the current trade tensions as a key factor limiting risk appetite.

Canada recently responded to American steel and aluminum rates with $ 21 billion in American export prices. The European Union then imposed additional prices on American products worth $ 28 billion. He is increasingly concerned about the increase in trade disputes inflationary Pressures and complicate decision -making of the federal reserve.

According to Kobeissi’s letter, the United States faced a debt of 9.2 dollars of dollars refinancing Défi in 2025. Without interest rates lower, borrowing costs could increase sharply, which has still double the national debt, which now exceeds 36 billions of dollars. The uncertainty of the market remains high, investors closely looking at developments in monetary policy and world trade.

The data on the chain, on the other hand, indicate that cryptocurrency merchants lose confidence. Crypto commercial activity has decreased since its peak at the end of February, according to Santiment.

Over the past two weeks, market capitalization losses have left hesitant merchants, with signs of exhaustion and capitulation that stop. Even the bitcoin rebound, the ICC, failed to arouse real increase in commercial activity.

This type of drop in volume generally indicates a significant importance of the market in the midst of low -cost recovery. Gains can quickly decline In the absence of solid purchase interest, leaving prices open to reduce more.

Retail and institutional merchants seem to be in a model of detention for the moment, waiting for the other to move. Until the volume resumes significantly, prudence is likely to dominate.