21Shares analyst: Higher CPI data has already been priced into bitcoin

Jinse Finance reported, according to Cointelegraph, 21Shares analysts stated that the rise in CPI data has already been "digested" by the market, and bitcoin prices may have already priced in inflation expectations in advance. The U.S. Bureau of Labor Statistics' February CPI report shows that overall CPI rose month-on-month in February, with energy up 0.6%, food up 0.4%, and core CPI up 0.2%. Analysts pointed out that the current focus is on how the Federal Reserve will respond to subsequent higher CPI data—whether it will "turn a blind eye" to this temporary shock, or take a hawkish stance as a precaution due to lessons learned from the previous inflation cycle. Analysts noted that bitcoin prices may currently be consolidating in the $68,000 to $74,000 range, and if the $75,000 resistance level is broken, it could enter a mid-term consolidation range between $75,000 and $80,000; historical data shows that bitcoin typically rebounds more than 15% after geopolitical market shocks, and if the FOMC resumes rate cuts in 2026, the recovery could accelerate. The CME FedWatch tool shows that only 0.6% of traders expect a rate cut at the March 18 meeting.