Foreign media reported that after U.S. inflation rose to 4.2%, U.S. stocks lost approximately $1.1 trillion in a single day, while Bitcoin remained near $62,000, posting a slight gain over the past 24 hours. This indicates that, during this latest macroeconomic shock, Bitcoin did not follow stocks in amplifying its losses.
Bitcoin did not follow the stock market's sharp decline
The article noted that Bitcoin had already experienced a correction over the previous month, so its price remained relatively stable following the release of this inflation data. According to CoinGecko data, Bitcoin rose nearly 1% over the past 24 hours, indicating continued support around the $62,000 level.
The text suggests that some market participants may have viewed the earlier correction as a release of pressure, which prevented Bitcoin from experiencing a similarly sharp decline during the stock market's sudden drop, leaving its short-term movement temporarily range-bound.
Rising inflation lowers expectations for rate cuts.
After U.S. inflation rose to 4.2%, market expectations for rate cuts have further cooled. The article notes that, with interest rates likely to remain high, risk assets typically face greater pressure due to higher financing costs and more cautious capital allocation.
The text also noted that Bitcoin's previous decline was influenced by multiple factors, including stronger-than-expected inflation data, rising employment figures, and the renewed escalation of tensions between the United States and Iran. The recurring instability in the Middle East has also heightened market concerns about oil prices and subsequent inflation.
- U.S. inflation rose to 4.2%
- U.S. stocks lost approximately $1.1 trillion in a single day.
- Bitcoin remains near $62,000.
IPO expectations or diverting market funds
The article also notes that the market is beginning to focus on the possibility that major tech companies may pursue initial public offerings this year. In addition to SpaceX, Anthropic and OpenAI are also rumored to be considering IPOs, and these high-profile offerings could divert market liquidity.
Under this assessment, Bitcoin’s short-term price may continue to range-bound. The article suggests that risk appetite could recover if the U.S. passes the CLARITY Act or if tensions in the Middle East ease; however, it also notes that current signs of de-escalation in the Middle East remain unclear.