On March 19, Bitcoin pulled back to a key support zone due to unexpected U.S. inflation data and hawkish signals from Federal Reserve Chair Powell, declining over 4.6% and currently trading near $70,800. Market expectations for rate cuts have cooled, with the total crypto market cap declining to approximately $2.51 trillion and sentiment remaining cautious. If Bitcoin breaks below $70,000, it could potentially decline further to $65,000. Market momentum is highly dependent on macroeconomic factors.

On March 19, the cryptocurrency market experienced a pullback due to the U.S. Producer Price Index (PPI) rising and escalating geopolitical tensions, with total market capitalization evaporating approximately $83 billion and Bitcoin declining to around $71,000. Risk-off sentiment increased in the market, altcoins showed weak performance, and LayerZero broke below $2.15. The U.S.-Iran conflict and rising energy prices exacerbated inflation concerns, with the market maintaining expectations for sustained high interest rates. U.S. regulatory advancement in security token offerings represents a long-term positive, but provides limited relief to near-term macroeconomic pressures.

On March 18, Bitcoin price retreated to $72,300, declining approximately 2%. Ethereum, Solana, and XRP experienced declines close to 3%. U.S. President Trump took a hardline stance toward Iran, with geopolitical tensions driving WTI crude oil prices higher. U.S. February PPI data exceeded expectations, with markets focusing on the Federal Reserve's interest rate decision and Powell's remarks.

On March 18, after the PPI data was released, the three major U.S. stock index futures fell, and crypto concept stocks broadly declined, with multiple stocks such as Strategy, CEX, and MARA experiencing varying degrees of losses.

US February PPI Year-over-Year at 3.4%, Above Expected 2.9%, Marking Highest Level Since 2022; Analysts Note This Data Unaffected by Recent Geopolitical Events, Leading Traders to Lower Bets on Federal Reserve Rate Cuts in 2026.

Bitcoin retreated due to the US PPI exceeding expectations and Nvidia's stock price declining, falling to $65,735, a weekly decrease of 2.8%. Altcoins such as Solana and Ethereum experienced even larger drops. Despite strong Bitcoin ETF fund inflows, the overall market remains under pressure, with attention on price range support and the potential for a future rebound.

Next week's macro events include the US Consumer Confidence Index, Richmond Fed Manufacturing Index, Canada's Bank of Canada interest rate decision and earnings releases, with a focus on the Federal Reserve interest rate decision and Powell's press conference, as well as Japan's unemployment rate and US PPI data.

The U.S. Supreme Court is expected to issue a ruling on the Trump tariffs case on January 14, which could trigger a large number of tariff refunds and will require a lengthy litigation process. The White House economic advisor stated that there are other solutions if they lose the case. Meanwhile, the United States will release retail sales and PPI data for November, as well as relevant speeches by Federal Reserve officials.

PANews, December 9—According to Jintou, the U.S. Bureau of Labor Statistics (BLS) has announced that it will not release a Producer Price Index (PPI) press release for October 2025. Due to a funding interruption (which caused a government shutdown), the BLS is delaying the collection of data for the October reference period. The BLS plans to release the October data together with the November 2025 PPI press release on January 14, 2026.