On March 13th, the U.S. February CPI year-on-year growth rate dropped to a new low since November last year, and the core CPI year-on-year growth rate hit a four-year low, with inflation below expectations across the board, easing concerns about 'stagflation.' Traders are increasing their bets on rate cuts, and market risk appetite is rising.

According to 4E monitoring, the performance of the three major U.S. stock indexes diverged: the Dow fell by 0.20%, the S&P 500 rose by 0.49%, and the rebound of technology stocks led the Nasdaq to rise by more than 1.2%, with Tesla soaring by over 7% and Nvidia rising by over 6%. However, the market still worries that the slowdown in inflation may be temporary, as the three consecutive declines in the Dow and the limited increase in the S&P reflect market caution.
The cryptocurrency market is heating up, with Bitcoin surging to $84,539 at the moment of CPI release, then falling back to around $80,000 and gaining support, and then continuing to rebound. At the time of writing, it has reached $84,000, with a 2% increase in the past 24 hours. Other mainstream tokens are mostly slightly up, while Ethereum remains sluggish, striving to stay above $1900. BNB is boosted by a $2 billion investment from Abu Dhabi, rising by 4.95%.