0228 Bitcoin Daily Report#BTC能否重返7万美元？

1. Inflation alarm sounds, core P-PI rises to 3.6%, overall P-PI increases to 2.9%, both exceeding expectations and significantly above the Federal Reserve's 2% inflation target. After the data was released, market bets on short-term rate cuts noticeably cooled down. Crypto assets retreated along with risk appetite, with Bitcoin falling to $65,000. Meanwhile, safe-haven assets like precious metals and crude oil strengthened.

2. Market analysts point out: The market's anxiety over inflation and growth has deepened. The initially expected inflation decline figures did not materialize, which severely suppresses traders' expectations of later rate cuts and a more fragile economy. Additionally, escalating geopolitical risks are also making risk assets more cautious. Market bets on military conflicts are rising, with precious metals remaining strong. Gold rose to $5,270, silver surged over 6%, returning above $94, with an earlier increase of about 3%.

3. The US dollar strengthened slightly, briefly rising to 97.85, and is expected to record its first monthly increase since October last year. The 10-year US Treasury yield fell below 4% for the first time since November 2024, reducing the opportunity cost of holding interest-free assets. This has put pressure on mining companies and exchange concept stocks, with US tech stocks leading the decline.