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Bitcoin Drops 2% as Inflation Eases, Trade War Fears Rise

Bitcoin slides despite cooling inflation, as US trade war concerns spook markets.

• Main Points:

  • Bitcoin fell 2.3%, trading near $81,500 despite lower US inflation data.

  • Producer Price Index (PPI) decline mirrors CPI, signaling cooling inflation.

  • Market fears intensify over potential trade war policies under Trump.

  • The Fed is unlikely to cut interest rates in March, with May/June more probable.

  • Bitcoin faces strong resistance at its 200-day moving average near $85,000.

• Detailed Insights:

  • Weak inflation data failed to lift risk assets, including Bitcoin and stocks.

  • Traders brace for volatility amid geopolitical uncertainty.

  • The Federal Reserve maintains a steady course with no immediate rate cuts.

  • Bitcoin struggles to reclaim key support, with resistance near $85K.

  • Market liquidity shows limited upside potential without strong catalysts.

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Trump Family, Binance Discuss Potential Stake in Crypto Exchange

Trump’s family reportedly held talks with Binance over a potential stake in the exchange, with ties to a broader crypto strategy.

• Main Points:

  • Binance reached out to Trump’s family in 2024 to resume Binance.US operations.

  • Founder Changpeng Zhao allegedly seeks a pardon from Trump’s administration.

  • Trump’s crypto venture, World Liberty Financial, may be involved in the deal.

  • Trump’s TRUMP memecoin and crypto policies continue to drive industry debate.

  • Binance CEO praised Trump’s pro-crypto stance but did not comment on the report.

• Detailed Insights:

  • Reports suggest Binance offered Trump’s family a stake to regain US market access.

  • Changpeng Zhao’s legal troubles add complexity to potential negotiations.

  • Trump’s pro-crypto stance includes memecoins and Bitcoin adoption efforts.

  • House Democrats propose banning memecoins issued by US officials.

  • Binance’s leadership remains publicly supportive of Trump’s crypto policies.

Bitcoin ETF Inflows: Rally Signal or Price Trap?

Bitcoin ETFs saw positive inflows, but analysts warn of key resistance that could trigger a price correction.

• Main Points:

  • Bitcoin ETFs posted $13.33M in net inflows on March 12.

  • Ethereum ETFs struggled with $10.4M in outflows for six consecutive days.

  • ARK 21Shares led with $82.6M in inflows, while BlackRock’s IBIT saw $47.05M in outflows.

  • Bitcoin rebounded from a low of $76,560 to $84,358 amid stock market turmoil.

  • Analysts highlight $95,000 as a major resistance level, holding 726,000 BTC.

• Detailed Insights:

  • Bitcoin’s cumulative ETF inflows now stand at $35.42B since inception.

  • Global tariff war concerns under Trump administration weigh on markets.

  • Dow Jones fell 2.08%, Nasdaq 4%, and S&P 500 2.7% on March 10.

  • Bitcoin’s RSI at 40.67 suggests it's near oversold but not in full reversal.

  • Resistance at $96,624 and support at $77,638 define BTC’s current range.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results