The latest report from COINOTAG reveals that the **US Consumer Price Index (CPI)** for January surged by **0.5% month-over-month**, marking the most significant increase since August 2023. This increase in the **core CPI** also rose by **0.4%**, indicating a broader inflationary trend that has **exceeded expectations**. Following the release of this inflation data, major US stock indexes experienced initial declines; however, market sentiments shifted positively with renewed hopes for resolving the **Russia-Ukraine conflict**. The closing figures showcased mixed results: the S&P 500 dipped by **0.27%**, the Dow Jones down by **0.50%**, while the Nasdaq saw a modest increase of **0.03%**. Notably, **Tesla’s stock** rallied, gaining **2.44%** after ending a five-day slump.
In the cryptocurrency realm, **Bitcoin** displayed volatility, briefly hitting **$94,000** post-CPI announcement. However, positive geopolitical cues and market anticipations spurred a rebound, pushing BTC above **$98,000**, with a current price of **$97,762** reflecting a slight decline of **1.85%** over the past day. **Ethereum** followed suit, breaking the **$2,700** mark with a rise exceeding **5%**. The **BNB** token benefited from increasing interest in the **BSC chain**, uplifting the entire crypto ecosystem. This rebound amidst adverse news indicates a potential market bottom, suggesting robust support levels below.
From a forex and commodities perspective, the **US dollar index** initially soared due to the CPI report but later stabilized. **Federal Reserve Chairman Powell** reiterated a hawkish posture, while signs of easing inflation combined with geopolitical tensions resulted in oil prices declining nearly **3%** after a three-day upswing. Gold prices, after reaching a historical peak, corrected slightly but ultimately closed up by **0.2%**, fueled by safe-haven demand. With inflation data supporting a cautious Fed approach to rate cuts, the market anticipates only a **25-basis-point** cut this year. In the wake of these developments, eeee.com has debuted a **USDT stablecoin financial product** featuring an annualized return of **5.5%**, catering to investors seeking hedging strategies, while emphasizing the importance of cautious asset allocation amidst market volatility.