TechFlow news, on March 12, QCP Capital's latest analysis indicated that tonight's Consumer Price Index (CPI) data could set the tone for interest rate expectations. The market currently anticipates four Federal Reserve rate cuts this year, compared to just one expected in January.
Bitcoin ETF net outflows reflect cautious investor sentiment, and markets remain tense due to escalating trade tensions.
The details are as follows: "Markets are on edge amid renewed escalation of trade tensions, with new tariffs expected to take effect on April 2. Today, a new 25% tariff on steel and aluminum imports has taken effect, prompting a swift response from the European Union, which plans retaliatory measures worth €26 billion ($22 billion) starting next month.
Market volatility is spiking. The Volatility Index (VIX) briefly touched 28 before retreating to 26.6, although the Cboe VIX term structure has shifted into backwardation, suggesting the market may have bottomed. Meanwhile, tonight's Consumer Price Index (CPI) data could shape rate expectations. The market now expects the Fed to cut rates four times this year, versus only once anticipated in January. Will inflation data confirm this shift, or trigger fresh turmoil?
In the cryptocurrency space, the U.S. Securities and Exchange Commission (SEC) has delayed decisions on exchange-traded funds (ETFs) for XRP, Solana (SOL), Litecoin (LTC), Cardano (ADA), and Dogecoin (DOGE) until May. Additionally, a high-stakes roundtable on crypto regulation will be held on March 21. However, with $153.87 million in net outflows from Bitcoin ETFs— including Grayscale Bitcoin Trust (GBTC) selling 641 bitcoins—investor sentiment remains cautious."
