Cryptocurrency Market Update: BTC, ETH, and Major Movers as Inflation Concerns Rise
2 months ago

The global cryptocurrency market cap now stands at $3.31 trillion, reflecting a modest increase of 1.16% over the previous day as reported by CoinMarketCap. Bitcoin (BTC) continues to dominate the market, trading within a range of $92,206 to $95,836 over the past 24 hours. As of 09:30 AM (UTC) today, Bitcoin is priced at $94,232, which signifies a slight decline of 0.75%. In the current market landscape, the performance of various cryptocurrencies shows a mixed trend.

Notably, some market outperformers are displaying significant gains. CGPT has emerged as a leader, surging by 53%, followed by AIXBT with a remarkable increase of 20%, and COOKIE showing an impressive rise of 17%. Turning to major updates, several noteworthy topics have captured the attention of investors today: - Strategic Bitcoin Reserve Bills are poised for U.S.

hearings, reflecting the increasing legislative interest in cryptocurrency. - A shareholder proposal has put pressure on Meta to consider integrating Bitcoin reserves into its asset strategy, signaling a shift in corporate attitudes towards digital currencies. - Morgan Stanley has made predictions concerning the upcoming U.S.

jobs report, projecting that it could greatly influence the Federal Reserve's decisions on interest rates. - Investors remain vigilant as they await the U.S. December CPI data, driven by ongoing concerns regarding inflation. - Bank of America anticipates that the end of the current rate cut cycle may soon approach, potentially altering the investment landscape. - Federal Reserve official Goolsbee has hinted at possible rate cuts contingent on stabilization in economic conditions, keeping market watchers on high alert. - The December Non-Farm Payrolls in the U.S.

have surprisingly surged to 256K, far exceeding expert predictions. - Major investment banks are now forecasting a more conservative range for Non-Farm Payrolls, estimating between 120K and 200K. - An economist has characterized a Non-Farm Payrolls increase of 165K to 175K as a "Goldilocks balance" favorable for the U.S.

economy. In terms of market movers, other significant cryptocurrencies are also attracting attention: - Ethereum (ETH) is currently trading at $3,234.74, reflecting a decrease of 2.20%. - XRP stands at $2.3584, showing a modest increase of 1.95%. - Binance Coin (BNB) is priced at $695.23 with a slight dip of 0.35%. - Solana (SOL) has decreased by 3.52%, currently at $185.97. - Dogecoin (DOGE) trades at $0.33306, down by 1.25%. - Cardano (ADA) has seen a decline of 4.17%, currently priced at $0.9213. - TRON (TRX) sits at $0.2424, reflecting a small decrease of 0.37%. - SUI has also dipped by 2.78% to a price of $4.9752. - Avalanche (AVAX) trades down by 3.47% at $36.44. - Toncoin (TON) has shown a slight increase of 1.10%, now costing $5.351. Finally, on Binance, the top gainers are: - CGPT/USDT has surged by 53%. - AIXBT/USDT has increased by 20%. - COOKIE/USDT has risen by 17%..

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Economic Calendar

Building Approvals m/m
2025-03-13 01:30:00
Actual
6.3%
Forecast
6.3%
Previous
0.7%

This indicator shows the number of permits for new construction projects.

Consumer Price Index y/y
2025-03-13 08:00:00
Actual
1.3%
Forecast
1.3%
Previous
0.9%

The Consumer Price Index (CPI) is the most common measure of changes in prices.

Consumer Price Index m/m
2025-03-13 08:00:00
Actual
0.6%
Forecast
0.6%
Previous
0.0%

The Consumer Price Index (CPI) is the most common measure of changes in prices.

Producer and Import Prices y/y
2025-03-13 08:30:00
Actual
-0.1%
Forecast
Previous
-0.3%

The producer price index relates to goods produced and sold on the domestic market or exported by enterprises based in Switzerland.

Producer and Import Prices m/m
2025-03-13 08:30:00
Actual
0.3%
Forecast
0.2%
Previous
0.1%

The producer price index relates to goods produced and sold on the domestic market or exported by enterprises based in Switzerland.

Industrial Production y/y
2025-03-13 11:00:00
Actual
0.0%
Forecast
-0.9%
Previous
-1.5% R (-2.0%)

The Industrial Production Index is a business cycle indicator showing the output and activity of industry.

Industrial Production m/m
2025-03-13 11:00:00
Actual
0.8%
Forecast
0.5%
Previous
-0.4% R (-1.1%)

The Industrial Production Index is a business cycle indicator showing the output and activity of industry.

Core Producer Price Index (PPI) y/y
2025-03-13 13:30:00
Actual
3.4%
Forecast
3.6%
Previous
3.6%

Because prices for food and energy have tended to be so erratic in recent years, some economists prefer to focus attention on an index measuring prices for finished goods other than foods and energy as a better measure of the so-called core or underlying rate of inflation.

Core Producer Price Index (PPI) m/m
2025-03-13 13:30:00
Actual
-0.1%
Forecast
0.3%
Previous
0.3%

Because prices for food and energy have tended to be so erratic in recent years, some economists prefer to focus attention on an index measuring prices for finished goods other than foods and energy as a better measure of the so-called core or underlying rate of inflation.

Initial Jobless Claims
2025-03-13 13:30:00
Actual
220 000
Forecast
226 000
Previous
221 000

Initial Jobless Claims is a report issued by the U.

Producer Price Index (PPI) m/m
2025-03-13 13:30:00
Actual
0.0%
Forecast
0.3%
Previous
0.4%

The Producer Price Index (PPI) of the Bureau of Labour Statistics (BLS) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services.

Producer Price Index (PPI) y/y
2025-03-13 13:30:00
Actual
3.2%
Forecast
3.3%
Previous
3.5%

The Producer Price Index (PPI) of the Bureau of Labour Statistics (BLS) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services.

Building Permits m/m
2025-03-13 13:30:00
Actual
-3.2%
Forecast
-5.3%
Previous
11.0%

The Building Permits Survey covers all Canadian municipalities that issue permits.

Natural Gas Storage
2025-03-13 15:30:00
Actual
1698 BCF
Forecast
Previous
1760 BCF

This report tracks U.

Food Price Index (FPI) m/m
2025-03-13 22:45:00
Actual
Forecast
Previous
1.9%

The Food Price Index (FPI) measures the price change rate of a fixed basket of food goods and services purchased by households.

Consumer Price Index m/m
2025-03-14 07:00:00
Actual
Forecast
Previous
0.2%

The Consumer Price Index describes the price development of goods and services purchased in Finland by households resident in Finland.

Consumer Price Index y/y
2025-03-14 07:00:00
Actual
Forecast
Previous
0.7%

The Consumer Price Index describes the price development of goods and services purchased in Finland by households resident in Finland.

Construction Output m/m
2025-03-14 08:00:00
Actual
Forecast
Previous
-0.2%

Construction output is a monthly estimate of the output of the construction industry in both the private and public sectors.

Construction Output y/y
2025-03-14 08:00:00
Actual
Forecast
Previous
1.5%

Construction output is a monthly estimate of the output of the construction industry in both the private and public sectors.

Industrial Production y/y
2025-03-14 08:00:00
Actual
Forecast
Previous
-1.9%

The Industrial Production index measures the volume of production of the manufacturing, mining and quarrying, and energy supply industries, which covered 18.

Industrial Production m/m
2025-03-14 08:00:00
Actual
Forecast
Previous
0.5%

The Industrial Production index measures the volume of production of the manufacturing, mining and quarrying, and energy supply industries, which covered 18.

Manufacturing Production m/m
2025-03-14 08:00:00
Actual
Forecast
Previous
0.7%

The Index of Manufacturing Production covers the 13 sub-sectors of manufacturing and these are aggregated to form the resulting monthly manufacturing output time series.

Manufacturing Production y/y
2025-03-14 08:00:00
Actual
Forecast
Previous
-1.4%

The Index of Manufacturing Production covers the 13 sub-sectors of manufacturing and these are aggregated to form the resulting monthly manufacturing output time series.

Visible Trade Balance
2025-03-14 08:00:00
Actual
Forecast
Previous
-17.45 B GBP

It represents the difference between imports and exports of goods.

Trade Balance Non EU
2025-03-14 08:00:00
Actual
Forecast
Previous
-6.10 B GBP

A gauge of Britain's trade with countries outside of Europe.

Unemployment Rate
2025-03-14 08:00:00
Actual
Forecast
Previous
10.4%

Up to and including March 2005, data refers to all persons of working age who during the reference week were not employed, but were willing and able to work and had looked for work (or would have looked for work if they had not been temporarily prevented from doing so) during the last four weeks.

Final Consumer Price Index m/m
2025-03-14 08:00:00
Actual
Forecast
0.4%
Previous
-0.2%

The consumer price index for Germany measures the average price change for all goods and services purchased by households for consumption purposes.

Final Consumer Price Index y/y
2025-03-14 08:00:00
Actual
Forecast
2.3%
Previous
2.3%

The consumer price index for Germany measures the average price change for all goods and services purchased by households for consumption purposes.

Final Harmonized Index of Consumer Prices y/y
2025-03-14 08:00:00
Actual
Forecast
2.8%
Previous
2.8%

The Harmonized Index of Consumer Prices is used to measure inflation in the context of international, mostly inner-European comparisons.

Final Harmonized Index of Consumer Prices m/m
2025-03-14 08:00:00
Actual
Forecast
0.6%
Previous
-0.2%

The Harmonised Index of Consumer Prices is used to measure inflation in the context of international, mostly inner-European comparisons.

Wholesale Price Index m/m
2025-03-14 08:00:00
Actual
Forecast
Previous
0.9%

The index of selling prices in wholesale trade measures - on a representative basis - the development of prices of goods sold by wholesalers within Germany to the extent that such sales are included under wholesale, such as contracts concluded with resellers, processors or other bulk purchasers.

Wholesale Price Index y/y
2025-03-14 08:00:00
Actual
Forecast
Previous
0.9%

The index of selling prices in wholesale trade measures - on a representative basis - the development of prices of goods sold by wholesalers within Germany to the extent that such sales are included under wholesale, such as contracts concluded with resellers, processors or other bulk purchasers.

Consumer Price Index m/m
2025-03-14 08:45:00
Actual
Forecast
0.2%
Previous
0.1%

The Consumer Price Index is the official instrument for measuring inflation.

Consumer Price Index y/y
2025-03-14 08:45:00
Actual
Forecast
0.8%
Previous
1.7%

The Consumer Price Index is the official instrument for measuring inflation.

Harmonized Index of Consumer Prices y/y
2025-03-14 08:45:00
Actual
Forecast
0.9%
Previous
0.9%

The coverage of the Harmonised Index of Consumer Prices is defined in terms of 'household final monetary consumption expenditure', by reference to the national accounts concept of the European System of Accounts.

Harmonized Index of Consumer Prices m/m
2025-03-14 08:45:00
Actual
Forecast
0.0%
Previous
-0.2%

The coverage of the Harmonised Index of Consumer Prices is defined in terms of 'household final monetary consumption expenditure', by reference to the national accounts concept of the European System of Accounts.

Final Consumer Price Index y/y
2025-03-14 09:00:00
Actual
Forecast
3.0%
Previous
2.9%

The Consumer Price Index (CPI) is a statistical measure of the evolution of the prices of goods and services consumed by the population that reside in family dwellings in Spain.

Consumer Price Index m/m
2025-03-14 09:00:00
Actual
Forecast
0.4%
Previous
0.2%

The Consumer Price Index (CPI) is a statistical measure of the evolution of the prices of goods and services consumed by the population that reside in family dwellings in Spain.

Final Harmonized Index of Consumer Prices y/y
2025-03-14 09:00:00
Actual
Forecast
2.9%
Previous
2.9%

The Harmonised Index of Consumer Prices (HICP) is a statistical indicator whose objective is to provide a common measurement of inflation which facilitates carrying out international comparisons and therefore examines compliance with fulfilment of the Maastricht Treaty demands for entrance into European Monetary Union.

Harmonized Index of Consumer Prices m/m
2025-03-14 09:00:00
Actual
Forecast
0.4%
Previous
-0.1%

The Harmonised Index of Consumer Prices (HICP) is a statistical indicator whose objective is to provide a common measurement of inflation which facilitates carrying out international comparisons and therefore examines compliance with fulfilment of the Maastricht Treaty demands for entrance into European Monetary Union.

Industrial Production m/m
2025-03-14 10:00:00
Actual
Forecast
Previous
-3.1%

Industrial production refers to the volume of output generated by production units classified under the industrial sectors.

Industrial Production y/y
2025-03-14 10:00:00
Actual
Forecast
Previous
-7.1%

Industrial production refers to the volume of output generated by production units classified under the industrial sectors.

M2 Money Supply y/y
2025-03-14 10:00:00
Actual
Forecast
7.0%
Previous
7.0%

Money Supply is the aggregate amount of monetary assets available in a country at a specific time.

New Loans
2025-03-14 10:00:00
Actual
Forecast
1275 B Yuan
Previous
5130 B Yuan

They represent the value of new yuan-denominated loans issued to consumers and businesses during the previous month.

Wholesale Sales m/m
2025-03-14 13:30:00
Actual
Forecast
1.8%
Previous
-0.2%

This survey presents estimates of monthly sales levels for wholesale merchants in Canada, each province and territory.

Preliminary University of Michigan Confidence
2025-03-14 15:00:00
Actual
Forecast
Previous
64.7

Consumer confidence surveys measure individual households' level of confidence in the economy's performance.

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