[New York Coin Market/Summary] Bitcoin Attempts to Rise Despite Positive CPI Derailed by Tariff Concerns ... XRP Holds Steady on Ripple Lawsuit Conclusion Hopes

# U.S. CPI Falls Short of Expectations; Analysts Say February CPI Doesn't Fully Reflect Tariff Impact # SEC-Ripple Lawsuit Nears Conclusion – Fox Business # Cryptocurrency Market Cap Steady in Early New York Trading # Crypto Futures Decline as U.S. Treasury Yields and Dollar Rise # U.S. Bitcoin and Ethereum ETF Outflows Continue [New York - Correspondent Jang Do-sun] Despite positive inflation data from the U.S., concerns over a looming trade war impeded the cryptocurrency market's recovery efforts on the 12th in New York trading hours. Bitcoin briefly reclaimed $84,000 but retreated its gains. XRP surged on news that the lawsuit between Ripple and the Securities and Exchange Commission (SEC) is nearing its conclusion. Meanwhile, BNB avoided losses following Binance's announcement of a $2 billion investment from Abu Dhabi MGX. The U.S. Consumer Price Index (CPI) for February rose by 0.2% from the previous month and by 2.8% year-on-year, signaling a slowdown compared to January and falling short of analysts' expectations. The core CPI also increased less than expected. Consequently, recent fears of stagflation have been somewhat alleviated. Following the CPI release, digital asset markets showed an overall upward trend. Bitcoin briefly exceeded $84,000. However, the European Union and Canada announced plans for retaliatory tariffs against U.S. tariffs, heightening fears of a trade war and dampening the crypto market's rally. Bitcoin temporarily dipped below $81,000 before narrowing its losses. Despite the positive CPI data, there was no change in the expectation that the Federal Reserve (Fed) will only cut rates further in June. Analysts assert that while February's CPI rise slowed, tariff wars could reignite inflationary pressures in the future. According to CNBC, Kevin Gordon, Chief Investment Strategist at Charles Schwab, stated, “Much of the current inflation data does not account for upcoming and already implemented tariffs.” He added, “Policy-related volatility and uncertainty are still exerting a much stronger influence on the market than the CPI or any single data point.” Thomas Simons, Chief U.S. Economist at Jefferies, remarked, “The market's interpretation is appropriate. We still do not know how inflation will behave under the new tariff regime,” adding, “so far, momentum is working in the Fed's favor.” # Cryptocurrency Market Cap Steady in Early New York Trading As of 3:45 PM New York time on the 12th, CoinMarketCap reported the total market capitalization of cryptocurrencies at $2.68 trillion, a 0.50% decrease over the past 24 hours. This marks a $10 billion drop compared to pre-CPI release levels. The 24-hour trading volume in the crypto market was $105.8 billion, down by 27.83%. Bitcoin's dominance was recorded at 61.2%, and Ethereum's dominance at 8.4%. The Fear and Greed Index for the cryptocurrency market rose by four points to 19 but still indicated extreme fear. At this time, Bitcoin was priced at $82,581 on CoinMarketCap, down by 0.88% over 24 hours. The intra-day high in New York trading was $84,358. Bitcoin has been correcting since reaching its all-time high of $109,114 on January 20. Ethereum was down by 4.12% at $1,871. Ethereum's all-time high was $4,891.70, recorded on November 16, 2021. Other top ten altcoins showed mixed performance over the past 24 hours: XRP increased by 1.73%, BNB by 1.55%, and Dogecoin by 0.76%. Solana fell by 2.61%, Cardano by 0.12%, and Tron by 1.38%. # Crypto Futures Decline as U.S. Treasury Yields and Dollar Rise Bitcoin futures for March delivery on the Chicago Mercantile Exchange (CME) fell by 0.31% to $83,140, April contracts dropped by 0.50% to $83,535, and May contracts declined by 2.99% to $82,035. Ethereum futures for March decreased by 3.83% to $1,882.50, April contracts fell by 3.96% to $1,890.00, and May contracts retreated by 1.16% to $1,959.00. According to Wall Street Journal data, the dollar index rose by 0.16% to 103.58. The yield on the 10-year U.S. Treasury note rebounded 4.0 basis points to 4.325%. # U.S. Bitcoin and Ethereum ETF Outflows Continue According to Foreside Investors, $371 million flowed out of Bitcoin ETFs on Tuesday, marking the fourth consecutive day of net outflows. Nine funds, including BlackRock ($151.3 million) and Fidelity ($107.1 million), experienced outflows. No Bitcoin fund reported net inflows. Ethereum ETFs also saw a net outflow of $21.6 million, continuing a five-day streak of negative flows. BlackRock and Fidelity registered outflows of $11.8 million and $9.8 million, respectively.