3.16 Evening



1. US CPI data beat expectations: Published value of 6.3%, significantly higher than previous value of 5.2% and expectation of 5%, strengthening Fed rate hike expectations, bearish for risk assets (including cryptocurrencies).

2. Canadian CPI misses expectations: Published value of 0.5% below expectation of 0.7%, combined with NY Fed manufacturing index weakening significantly (previous value 7.1→-0.2), releasing economic slowdown signals, offsetting rate hike panic to some extent, providing brief support to coin prices.

3. Subsequent data impact: Industrial output and real estate market index to be released tonight, if they continue to weaken, will further exacerbate market concerns about economic recession, coin prices may maintain high volatility with a weak bias. Overall news sentiment is bearish, continuing high volatility. #Gate广场AI测评官 $BTC $ETH #美政府计划多国联合护航霍尔木兹
BTC2,83%
ETH9,23%
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