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The latest U.S. inflation data came in lower than expected, but Bitcoin struggled to maintain gains as trade war concerns weighed on sentiment. According to the economic latest data released on Mar. 12, February’s Consumer Price Index rose 2.8%, below the 2.9% forecast. Core CPI, which excludes food and energy, dropped to 3.1%, slightly better than the expected 3.2%. Markets responded by increasing bets on Federal Reserve rate cuts. Traders now price in a 31.4% chance of a cut in May, up from just 9% last month. The probability of three cuts by year-end jumped to 32.5%, while expectations for four cuts surged from 1% to 21%. Bitcoin ( BTC ) briefly surpassed $84,000 before falling back to $83,000, wiping off the majority of its post-CPI gains, despite the softer inflation data. Equities were unable to sustain early gains, and other financial markets also suffered. Analysts point to ongoing trade tensions as a key factor limiting risk appetite. Canada recently responded to U.S. steel and aluminum tariffs with $21 billion in tariffs on U.S. exports. The European Union then imposed additional tariffs on American goods valued at $28 billion. There is growing concern that rising trade disputes may raise inflationary pressures and complicate the Federal Reserve’s decision-making. According to The Kobeissi Letter, the U.S. faces a $9.2 trillion debt refinancing challenge in 2025. Without lower interest rates, borrowing costs could rise sharply, further straining the national debt, which now exceeds $36 trillion. Market uncertainty remains high, with investors closely watching developments in both monetary policy and global trade. On-chain data, meanwhile, indicates that cryptocurrency traders are losing confidence. Crypto-wide trading activity has been declining since its peak in late February, according to Santiment. Over the last two weeks, market capitalization losses have left traders hesitant, with signs of exhaustion and capitulation creeping in. Even Bitcoin’s CPI-driven bounce failed to spark any real uptick in trading activity. This type of volume decline typically indicates weak market momentum amid small price recoveries. Gains can swiftly wane in the absence of strong buying interest, leaving prices open to further declines. Retail and institutional traders appear to be in a holding pattern at the moment, waiting for the other to move. Until volume picks up meaningfully, caution is likely to dominate.

Bitcoin and other major cryptocurrencies rallied after the U.S. House of Representatives introduced a Strategic Bitcoin Reserve bill. The bill, known as the Bitcoin Act of 2025, was presented by Rep. Nick Begich (R-AK) to establish a reserve without using taxpayer funding. Notably, Senator Cynthia Lummis also reintroduced the “BITCOIN Act” on Tuesday, which now features more cosponsors from the Senate than before. Following the news, Bitcoin surged 7.69% to $82,733.64, briefly crossing the $83,000 mark. It is now trading at $82,316, a 2.5% rise in the past day. The announcement also pushed Bitcoin’s market dominance to 61.3%, its highest level in a year. In parallel, Ethereum rose 5.57% to $1,910.35, rebounding from below $1,800. XRP is now trading at $2.22, up 5% today after initially dipping to $1.92. Dogecoin also climbed 10.04% to $0.1652. Meanwhile, several less prominent altcoins also posted strong gains during the period. Kaspa shot up 27.07% to $0.4805, while Bittensor and Celestia jumped 20.60% and 19.59%, respectively. Related: Recession Fears Spark Market Sell-Off; Bitcoin Plunges Anew The sudden recovery triggered $265 million in short liquidations, forcing bearish traders to exit positions. Bitcoin’s Open Interest has increased by 0.48% in the past day, signaling renewed investor interest. Futures traders now turned more bullish, with 51% holding long positions. In addition, the Crypto Fear & Greed Index also improved, moving from “Extreme Fear” to “Fear.” Despite the rebound, analysts warn that Bitcoin still faces a key resistance zone. Crypto strategist Michaël van de Poppe stated that Bitcoin must surpass $83,500 to sustain its rally. If it does, he predicts a swift move toward $88,000-$92,000 in the short term. On-chain data from CryptoQuant shows strong buying pressure, with whales accumulating more than 65,000 BTC over the past 30 days. This pattern resembles the accumulation phase between November and December, which preceded Bitcoin’s previous major rally. Related: Bitwise Bets on Corporate Bitcoin: New ETF Provides Indirect Access to Cryptocurrency’s Institutional Adoption Meanwhile, the broader financial market remained under pressure, with U.S. stock indices closing lower for the second consecutive day. The Dow Jones Industrial Average dropped 1.14%, while the S&P 500 fell 0.75%. Market participants are now awaiting February’s Consumer Price Index (CPI) data, set for release Wednesday, to assess inflation trends and the Federal Reserve’s potential response. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

According to Satoshi Club , Bitcoin saw a dramatic 7% surge to $83,000 following Ukraine’s acceptance of a 30-day ceasefire. The news was welcome by the market, with equity options also turning green following the initial losses. However, Russia has yet to sign, so investors remain cautious. If tensions remain to ease up, Bitcoin might keep surging . As per the data, other major cryptocurrencies posted gains. Ethereum (ETH) climbed 4.49% to $1,951, while Solana (SOL) rose 6.55% to $127.62. Cardano (ADA) advanced by 6.33%, reaching $0.730, and Binance Coin (BNB) saw a 3.66% increase to $554.66. XRP also surged by 6.28%, hitting $2.20. Contrary to the terms, Tron (TRX) recorded a fall of 1.53% to $0.226. Meme tokens like Dogecoin (DOGE) rose by 7.06% to $0.168, while Shiba Inu (SHIB) was seen posting an advance of 3.89%. Blockchain infrastructure tokens include Chainlink, which have increased by 6.56% to $15.60. The centralized finance token rose by 1.76%, while Uniswap (UNI), coming from the decentralized finance space, increased by 3.79%. The market is generally bullish, with most assets trending higher. Bitcoin has behaved in a variety of ways amid international wars . Bitcoin dropped below $35,000 after the first Russian invasion of Ukraine in February 2022. Moreover, studies show that for every 1% increase in conflict intensity, trading volumes generally decrease by 0.2%. Nonetheless, prices often rise again in 50 days, proving how resilient Bitcoin is. In a similar vein, Bitcoin first fell in October 2023 amid the Israel-Gaza conflict. However, cryptocurrencies frequently serve as safe-haven investments, generating profits prior to geopolitical developments. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin (BTC) surged above $84,000 after the latest U.S. Consumer Price Index (CPI) data showed inflation easing more than expected in February, increasing market confidence in Federal Reserve rate cuts by mid-2025. Key Takeaways: U.S. CPI rose 0.2% in February, below the forecasted 0.3% and down from January’s 0.5%. Annual inflation slowed to 2.8%, compared to expectations of 2.9% and January’s 3.0%. Core CPI increased by 0.2% in February, missing forecasts of 0.3%, bringing the annual figure to 3.1% (vs. 3.2% expected). Bitcoin rallied 1.5% to $84,100, while Nasdaq 100 futures gained 1.5% after the report. Market Reactions: The data reinforced expectations of Federal Reserve rate cuts, with markets now pricing in an 85% probability of at least one cut by June, compared to a 40% chance for May before the report. The news provided relief to both traditional and crypto markets, which have faced weeks of uncertainty due to tariff-induced economic slowdown fears and persistent inflation above the Fed's 2% target. The S&P 500 has lost 10% over the past month, while Bitcoin had tumbled nearly 30% from its all-time high of $109,000, reached shortly before President Trump’s inauguration on Jan. 20. What’s Next? All eyes are now on Thursday’s Producer Price Index (PPI) report, which could either reinforce or challenge today’s inflation data, further shaping expectations for upcoming Fed rate cuts and their impact on financial markets.

Ripple price remains in a bear market after falling by over 35% from its highest level in January.  Ripple $XRP 2.68%XRP rose for the second consecutive day as cryptocurrencies rebounded after the encouraging inflation data. Most of them rose, with Bitcoin btc1.17%Bitcoin and Cardano ada0.72%Cardano rising by over 3%. The company, which manages over $1.5 trillion in assets, joined other firms like WisdomTree, Bitwise, 21Shares, Grayscale, Canary, and CoinShares that have applied for a spot XRP ETF.  Polymarket users have boosted their odds for a spot XRP ETF approval to almost 80%.  XRP is also one of the tokens that Donald Trump has identified to be in the US digital coins stockpile. If approved, it would lead to more demand as the US uses its strong balance sheet to acquire these coins One of XRP’s biggest strengths is its ability to disrupt the payment industry that SWIFT now dominates. Ripple claims that its technology is better than SWIFT’s because its transactions take just a few seconds to complete. Its transactions are also cheaper than SWIFT’s. XRP price technical analysis: will it hit $1 or $3.5 first? The daily chart shows that XRP price dropped to a key support at $1.9275 this week. This was crucial support since it has avoided dropping below it several times since December last year.  It has become the neckline of the head and shoulders pattern that has been forming since December. The head of this pattern is at $3.4, while the shoulders are at $3. It has also dropped below the 100-day Weighted Moving Average. Therefore, there is a risk that Ripple will have a bearish breakdown because H&S is one of the most bearish signs in the market. This breakdown, potentially to the psychological point at $1, will be confirmed if it drops below the neckline at $1.9275. $1 also coincides with the 78.6% retracement level. On the flip side, a bullish breakout to $3 will be confirmed if the coin rises above the right shoulders at $3 and the year-to-date at $3.4. Such a move will invalidate the head and shoulders pattern and point to more upside.