Crypto Daybook Americas: Risk-Off Vibe Lifts Bitcoin with CPI Data Looming

Macroconomic Factors Continue to Drive Bitcoin’s (BTC) Short-Term Price Volatility As It Holds Steady Above Above $ 80,000, with A Wave of Signified News Emer.

Still, There’s A Risk-Off Feeling in the Air As the Divergence Between Bitcoin and the Broader Crypto Market Grows. Bitcoin Dominance Has Surged to 62%, Approaching A Year-To-DO-DATE HIGH, While the Ether-to-to-Bitcoin (Eth-Btc) Underforming.

Meanwhile, Trump’s Trade Wars Persist As Another Concern Reining in Optimism in the Market. That’s not just with canada, but also in the form of Metal Tariffs, Prompting retaliatory measures from the European Union.

One of the MOST INTRIGUING DELEPments Comes from Canada, Whore Newly Appointed Prime Minister Mark Carney Has Filed to Sell Us Dollar Bonds. While the Size of the Sale Remains UndisClosyd, It’s Worth Noting The Country Is The Sixth-Largest Holder of US Treasuries, Possessing $ 379 Billion As of the End of 2024. Pressure on yields, whochh is the OPPOSITE OF WHAT TRUMP WANTS.

The Treasury Yield Narrative Is Paramount Because Roughly $ 9 Trillion Wrth of US Debt Is Set to Mature or Recure Refinance This Year Alone. This is One of the Key Reasons WHY The US ADMINISTRATION IS EAager to Bring Down Treasury Yields.

More ImmediaTely, Market Attention Is Turning to Today’s Consumer Price Index (CPI) Report, with Risk-Asset Bulls Hoping for a Softer Inflation Print. The S&P 500 is Hovering AROUND CORRECTION TERRITORY, DOWN Nearly 10%. If Inflation ComESS IN HOTTER THAN EXPECTED, RISK Assets Could Face Further Downside. Stay Alert!

What to Watch

• Crypto:
  • March 12: Hemi (Hemi), An L2 Blockchain That Operates On Both Bitcoin and Ethereum, HAS ITS Mainnet Launch.
  • March 15: Athene Network (ATH) Mainnet Launch.
  • March 15: Reploy Will Close Its V1 Rai Staking Program to New Users As It Transitions to a Fully Automated Revenue-Sharing Protocol.
  • March 17: CME Group Launches Solana (Sol) Futures.
  • March 18: Zano (Zano) Hard Fork Network Upgrade Wich Activates “Eth Signature Support for Off-Chain Signing and Asset Operations.”
  • March 20: Pascal Hard Fork Network Upgrade Goes Live on the BNB Smart Chain (BSC) Mainnet.
• Macro
  • March 12, 8:00 AM: The Brazilian Institute of Geography and Statistics (IBGE) Release Fibruary Consumer Price Inflation Data.
    • Inflation Rate Mom Est. 1.3% Vs. Prev. 0.16%
    • Inflation Rate Yoy Est. 5% vs. Prev. 4.56%
  • March 12, 8:30 AM: The US Bureau of Labor Statistics (BLS) Releases February Consumer Price Inflation Data.
    • Core Inflation Rate Mom Est. 0.3% Vs. Prev. 0.4%
    • Core Inflation Rate Yoy Est. 3.2% Vs. Prev. 3.3%
    • Inflation Rate Mom Est. 0.3% Vs. Prev. 0.5%
    • Inflation Rate Yoy Est. 2.9% Vs. Prev. 3%
  • March 12, 9:45 AM: The Bank of Canada Announces Its Interest-Rate Decision Followed by a Press Conference (LIVESTREAM LINK) 45 Minutes Later.
    • Policy Interest Rate Est. 2.75% Vs. Prev. 3%
  • March 12, 12:00 PM: Russia’s Federal State Statistics Service Release FBruary Consumer Price Inflation Data.
    • Inflation Rate Mom Est. 0.8% Vs. Prev. 1.2%
    • Inflation Rate Yoy Est. 10.1% Vs. Prev. 9.9%
  • March 13, 8:30 AM: The US Bureau of Labor Statistics (BLS) Releases February Producer Price Inflation Data.
    • Core Ppi Mom Est. 0.3% Vs. Prev. 0.3%
    • Core ppi yoy est. 3.6% Vs. Prev. 3.6%
    • Ppi Mom Est. 0.3% Vs. Prev. 0.4%
    • Ppi yoy est. 3.3% Vs. Prev. 3.5%
• Earnings (Estimates Based On Factor Data)
  • March 12 (TBC): Terawulf (Wulf), $ -0.03
  • March 14: Bit Digital (BTBT), Pre-Market, $ -0.05
  • March 24 (TBC): Galaxy Digital Holdings (TSE: GLXY), C $ 0.38

TKEN EVENTS

• Governance Votes & Calls
  • Uniswap Dao Is Discussing Continuing Treasury Delegation to MainTain Governance Stability and Retain Active Delegates, Including A Renewed Framework and Structure Expiration and Allocation Machian.
  • March 13, 10 AM: Mantra to Host A Community Connect Call with Its CEO and CO-FOUNDER to Discusses Various Major Updates.
  • March 13, 10 AM: Mantle Network to Hold A Surge Ask Me Anything (Ama) Session.
  • March 13, 11:30 AM: Jupiter to Hold a Planetary Call.
• Unlocks
  • March 12: Aptos (Apt) to Unlock 1.93% of Circulating Supple Worth $ 58.26 Million.
  • March 14: Starknet (Strk) To Unlock 2.33% of It Circulating Supple Worth $ 10.67 Million.
  • March 15: SEI (SEI) TO UNLOCK 1.19% OF ITS Circulating Supple Worth $ 10.35 Million.
  • March 16: Arbitrum (Arb) to Unlock 2.1% Of ITS Circulating Supply Worth $ 31.53 Million.
  • March 18: Fasttoken (FTN) to Unlock 4.66% Of ITS Circulating Supple Worth $ 79.60 Million.
  • March 21: Immutable (IMX) to Unlock 1.39% of Circulating Supple Worth $ 12.70 Million.
• Token Listings
  • March 31: Binance to Delist USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, AND PAXG.

Conferences

• Coindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.
• Day 3 of 3: AIBC africa (CAPE TOWN)
• Day 2 of 2: Vaneck Southern California Blockchain Conference 2025 (Los Angeles)
• March 13-14: Web3 Amsterdam ’25
• March 16, 6:00 PM: Solana Ai Summit (San Jose, Calif.)
• March 18-20: Digital Asset Summit 2025 (New York)
• March 18-20: Fintech American Miami 2025
• March 19-20: Next Block Expo (Warsaw)
• March 24-26: Merge Buenos Aires
• March 25-26: Pay360 2025 (London)
• March 25-27: Mining Disrupt (Fort Lauderdale, Fla.)
• March 26: Crypto Assets Conference (Frankfurt)
• March 26: DC Blockchain Summit 2025 (Washington)
• March 26-28: Real World Crypto Symposium 2025 (Sofia, Bulgaria)
• March 27: Building Blocks (Tel AVIV)
• March 27: Digital Euro Conference 2025 (Frankfurt)
• March 27: Wiki Finance Expo Hong Kong 2025
• March 27-28: Money Motion 2025 (Zagreb, Croatia)
• March 28: Solana Apex (Cape Town)

Token TalkBy shaurya malwa

• The Freshly Issued Bmt Tokens of Bubblemaps, A Crypto Transparency and On-Chain Analysis Tool, Are Down More than 50% Since Going Live on Tuesday.
• Bubblemaps uses Clustering to Group Wallet Addresses Into Bubbles, Revealering Whale Concentrations, Insider Control or Suspicios Patterns (EG AGPLINGSPLY) Through Visual Ownership Maps.
• BMT Can Be Used to Access An “Intel Desk” For Community-Driven Scam Investigations and Premium Analytics Features, and Participate in Governance.
• People are slamming bmt for a nearly 90% Supple Concentration in One Wallet, A MINTable Contract Risking Inflation, An Elitist Airdrop Excluding Many, an Unlocked Liked Liquidity Rater Ironic for a Transparency-Focused Project.

Derivatives Positioning

• Cumulative Open Interest in Eth Standard and Perpetual Futures Has Risen to 9.75 Million Eth, The Highest Since Feb. 3. The Count Has Increated From 8.4 Million Eth Fur Weeks Ago, WHICH SHOWS Traders Have Been Selling Into The Falling Market.
• Open Interest in BTC Perp and Standard Futures Remains Light, With Funding Rates Marginally Positive. SOL, ADA, TRX AND LINK STILL SEE NEGATIVE PERPETUAL FUNDING RATES.
• Deribit-Listed BTC and ETH Options Continue to Exhibit A Bias for Puts Out to May Expiry, with Meaningful Constructive Outlook for Calls Emerging from The Third Quareter.
• Overnight block Flows Featured Selling Higher Strike BTC and ETH CALLS AND PURCHASE OF SHORT-TENOR PUTS.

Market Movements:

• BTC IS DOWN 0.55% FROM 4 PM ET TUESDAY AT $ 82,577.14 (24hrs: +0.87%)
• ETH IS DOWN 2.6% AT $ 1.892.41 (24hrs: -1.58%)
• Coindesk 20 is Down 1% AT 2.556.70 (24hrs: +0.52%)
• Ether Cesr Composite Staking Rate is up 32 BPS at 3.43%
• BTC FUNDING RATE IS AT 0.007% (2.54% Annualized) On Binance

• DXY IS DOWN 0.31% AT 103.52
• Gold Is Unchanged AT $ 2,914.29/OZ
• Silver is up 0.69% AT $ 33.01/Oz
• Nikkei 225 Closed UNCHANGED AT 36,819.09
• Hang Seng Closed -0.76 AT 23,600.31
• Ftse is up 0.43% AT 8,532.17
• Euro Stoxx 50 IS UP 1.19% AT 5.373.08
• DJIA CLOSED ON TUESDAY -1.14% AT 41,433.48
• S&P 500 CLOSED -0.76% AT 5,572.07
• NASDAQ CLOSED -0.18% AT 17,436.10
• S&P/Tsx Composite Index Closed -0.54% AT 24,248.20
• S&P 40 Latin America Closed +0.44% AT 2.307.52
• US 10-YEAR Treasury Rate is Unchanged AT 4.28%
• E-mini S&P 500 Futures Are Up 0.54% AT 5.607.25
• E-mini NASDAQ-100 Futures Are Up 0.67% AT 19,529.25
• E-mini Dow Jones Industrial Average Index Futures Are Up 0.37% AT 41,627.00

Bitcoin Stats:

• BTC Dominance: 62.13 (-0.16%)
• Ethereum to Bitcoin Ratio: 0.02290 (-0.06%)
• Hashrate (Seven-Day Moving AVERAGE): 815 eh/s
• HashPrice (Spot): $ 46.1
• Total Fees: 6.03 BTC / $ 490,764
• CME FUTures Open Interest: 142,725 BTC
• BTC PRICED IN GOLD: 28.3 OZ
• BTC VS Gold Market Cap: 8.04%

Technical AnalysisDollar Index’s Daily Chart. (TradingView/Coindesk)

• The Dollar Index, Which Represents the Greenback’s Exchange Rate Against A Basket of Fiat Currencies, Has Dropped Below The 61.8% Fibonacci Retracement of Ralyaport.
• The Breakdown Means A Potential Soft US CPI Release Could Easily Send the Index Sliding to 102.31, The 78.6% Retracement Support.
• A Deeper Slide in the Dollar Could Bode Well for Risk Assets, Including BTC.

Crypto equities

• Strategy (Mstr): Closed on Tuesday at $ 260.59 (+8.91%), Down 0.58% AT $ 259.09 in Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 191.69 (+6.95%), Unchanged In Pre-Market
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 17.27 (-1.09%)
• Mara Holdings (Mara): CLOSED AT $ 13.32 (-0.67%), Down 0.68% AT $ 13.23
• Riot Platforms (RIOT): CLOSED AT $ 7.72 (+2.12%), Down 0.26% AT $ 7.70
• Core Scientific (Corz): CLOSED AT $ 8.63 (+7.74%), Down 0.46% AT $ 8.59
• Cleanspark (CLSK): CLOSED AT $ 8.26 (+3.51%), Down 0.73% AT $ 8.20
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 15.08 (+4.14%)
• Semler Scientific (SMLR): CLOSED AT $ 32.80 (+0.18%)
• Exodus Movement (Exod): Closed At $ 24.50 (-0.41%), Up 0.94% AT $ 24.73

ETF FLOWSSPOT BTC ETFS:

• Daily Net Flow: -$ 371 Million
• Cumulative Net Flows: $ 35.47 Billion
• Total BTC Holdings ~ 1,121 Million.

Spot eth etfs

• Daily Net Flow: -$ 21.6 Million
• Cumulative Net Flows: $ 2.66 Billion
• Total Eth Holdings ~ 3.571 Million.

Source: Farside Investors

Overnight FlowsChart of the dayDaily Trading Volume on Hyperliquid. (Artemis)

• The Chart Shows Daily Trading Volume on Hyperliquid, The Leading Perpetual-Focused Decentralized Exchange.
• Despite the Market Swoon, Volumes Held Remarkably Steady, Contrasting the Sharp Slowdown on Other Avenues Like Solana’s Raydium.

While You Were Sleeping

• EU Retaliates After Donald Trump’s Steel and ALUMINUM TARIFFS TAKE Effect (Financial Times) Additional Levies on Industrial and Agricultural Exports Expectioned by Mid-April.
• Bitcoin Cme Futures Spread Slides to $ 490, Undoing The ‘Trump Bump’ In Btc (Coindes): Traders Are Scaling Back Experts that Trump’s Presidency Will Boost Crypto.
• Boj unfazed by rising bond yields, signals resolve to kep hiking rates (reuters) and Higher prices.
• Franklin Templeton Joins Xrp etf Rush, Files Preliminal Application with Sec (Coindesk) Exchange.
• Metaplanet Increases Bitcoin Holdings With $ 13.5M Purchase and Bond Issuance (Coindesk): The Japanese Company Bough 162 BTC and Issued 2 Billion Yen in Zera-Interest Bones toles tone.
• Japanese Tech Giants Sony and Line Join Forces in Blockchain Deal (Coindesk): Sony’s Blockchain Division Is Partnering with the Japanese Social Media Giant to Bring Four Mini The AIM is to facilite features like in-game recards and purchases.

In the Ether