The inflation rate has reached a terrifying level

At 21:30 last night, the United States will release the CPI data for January. The market expects it to be 7.3%, which will surpass the 7% in December and set a new record for the largest increase in 40 years. This will also lead to violent fluctuations in the evening market. Judging from the fluctuations of the pre-market futures of the US stock index, it is relatively stable, indicating that the final data is likely to be not much different from the expected value. The inflation rate has entered a terrifying state. The interest rate hike in March is urgent. The market is expected to increase the possibility of a 50 basis point interest rate hike, which is a test for the market in the short term. But in fact, if we think about it more macroscopically, according to the 7.3% inflation rate, even if it is controlled to around 5%, the speed of water release is still shocking. Therefore, in the process of tightening interest rates, the growth rate still exists and is very fast. This is the fundamental logic of the rising market that we can still see in the interest rate hike cycle.

At last night's digital asset hearing, Afro hopes to see the CFTC play a greater regulatory role. He believes that there are regulatory loopholes in BTC transactions, and many businesses have therefore moved to areas outside the United States. What Afro said is universal. As long as countries cannot jointly regulate, practitioners can circumvent the regulation of different countries. The chairman of the CFTC believes that more resources are needed to regulate cryptocurrencies. Federal Reserve Board member Bowman said that the Federal Reserve is also working with other institutions to regulate cryptocurrencies. The overall value of the meeting is not great, and it has no great impact on the market. The conclusion is still that the crypto market is difficult to regulate, and there is no good way to do it at present.

El Salvador's finance minister said that Bitcoin bonds were first issued on March 15, with a coupon rate of 6.5%. Although the interest rate is not low, not many people dare to buy bonds using Bitcoin as the underlying asset. After all, the high volatility of Bitcoin is likely to lead to insolvency, which also shows that El Salvador needs more cash flow for national stability construction after this sniper war. Rating company Fitch directly downgraded El Salvador's credit rating to CCC "junk level" because Bitcoin has risks as legal currency. Such rating companies that make decisions based on their own ideas will probably only be in the limelight for more than a decade. Once the decentralized autonomous organization is built, they will have no food to eat.

BlackRock, the world's largest asset management company, plans to provide cryptocurrency trading. Once this transaction is launched, it will open up a new trillion-dollar market. The benefits are obvious and may even bring a short-term upward trend to Bitcoin.

JPMorgan Chase believes that the fair value of Bitcoin is $38,000 and expects the fair value to reach $50,000 in the future. Its strategists remain optimistic about Bitcoin's long-term forecast and have raised the target price to $150,000, higher than the target price of $146,000 in the previous year.

There is a suspicion that the butt determines the head.

Voyager Digital plans to launch the function of using USDC to purchase traditional stocks within the year. This is a big breakthrough. Once the encrypted stablecoin penetrates the stock market, it will be like opening up all six meridians. In the future, it will become a completely global stablecoin, providing a great foundation for market growth.

USDTEfl lost 1 billion US dollars, and incremental funds appeared again, which has not been seen for a long time.

Fear Greed 50, Neutral.

Coin News:

Bitcoin: Today's upward volume is average, maintaining yesterday's shock judgment. Be wary of the "huge shock" before and after the release of evening data.

Ethereum: In the short term, it has basically completed touching the pressure level. Funds are being poured in heavily, and demand cannot keep up, so it is weakly linked to Bitcoin.

LUNA: Signed a $40 million sponsorship agreement with the Washington Nationals of MLB, using UST as the payment method. This is really a free-for-all, exchanging the algorithmic stablecoin issued by itself for real money advertising. It is a good plan. I hope that LUNA, this castle in the air, can grow bigger and bigger, and eventually these holes will be filled with some new funds and land safely.

ADA: The network transaction volume exceeded 30 million, and the locked amount was close to 100 million US dollars. There are only two words to describe this data: garbage! After several months of work, only 100 million was made. What's the point of this? Just shut down the network and run away. It is not worth the current price at all. Be cautious when participating.

This rebound may not be over yet, but if it enters the 46,000-50,000 range, there will be a lot of selling pressure. Don't be too anxious, wait and see when it goes up.