PANews March 12 news, Singapore crypto investment agency QCP Capital published today that as trade tensions escalate again, market sentiment is nervous and uneasy, and new tariffs are expected to be implemented on April 2. Today, the new 25% tariff on steel and aluminum imports officially came into effect, triggering a swift counterattack from the European Union, which plans to implement 26 billion euros (22 billion pounds) of countermeasures starting next month.

Market volatility has risen sharply. The VIX index hit 28 at one point before retreating to 26.6, although the Cboe VIX term structure turned inverted, suggesting that the market may have bottomed. Meanwhile, tonight's CPI data may set the tone for interest rate expectations, as the market now expects the Fed to cut interest rates four times this year, compared to just one in January. However, the unexpected rise in CPI in January cast doubt on the narrative of slowing inflation, and investors remained cautious. As inflation concerns persist and macro risks intensify, CPI data will be key to judging whether the slowing inflation trend continues or volatility increases in the short term.

In the cryptocurrency space, the U.S. Securities and Exchange Commission (SEC) has delayed ETF approval for XRP, SOL, LTC, ADA, and DOGE until May, while also hosting a high-stakes cryptocurrency regulatory roundtable on March 21. However, the Bitcoin ETF saw a net outflow of $153.87 million as GBTC sold 641 bitcoins, indicating that caution among institutional investors is heating up.