Bitcoin and Ethereum Prices Drop Amid Market Pessimism

Today (February 12), cryptocurrency prices have once again triggered bearish sentiment among investors, largely due to the recent testimony of Federal Reserve Chair Jerome Powell, which has severely impacted the overall market. Bitcoin (BTC) has fallen to a low of $95,000, while altcoins such as Ethereum (ETH), XRP, and Solana (SOL) are also trending downward. The total market cap of global cryptocurrencies has dropped by 1.82% in the past 24 hours, to $3.14 trillion, though trading volume across the entire market has risen by 8%, reaching $105.57 billion. Meanwhile, market participants remain cautious ahead of the upcoming US CPI and PPI data releases.

Bitcoin Price Today

BTC has dropped by over 2%, to $95,389. The 24-hour low and high for this flagship cryptocurrency are $94,875.04 and $98,492.90, respectively. Bitcoin's market dominance has slipped 0.08% from yesterday, holding steady at 60.37%. Additionally, according to data from Coinglass, the liquidation value of this token over the past 24 hours has approached $44 million.

Ethereum Price Today

ETH has fallen 3.5% intraday, currently trading at $2,592. The 24-hour low and high for this token are $2,565.40 and $2,724.90, respectively. Ethereum's decline is in line with the overall trend, and its liquidation value over the past 24 hours has reached $30.23 million.

The Dual Challenges of CPI and Tariffs

At 21:30 tonight, the January CPI data will be released, which is crucial for the Federal Reserve's future interest rate cut plans. Inflation has been rebounding over the past three months, and the market expects the January CPI to rise by 2.9% year-on-year, with the core CPI possibly falling to 3.1%. However, potential pressures in housing, food, and services, as well as the lag in statistical data, suggest that CPI pressures will remain significant in the short term. The data may not bring any surprises and could even exceed expectations.

Meanwhile, Trump's tariff policies have once again thrown a "bomb" into the mix. He has maintained a 10% tariff on China, imposed additional 25% and 10% tariffs on imported steel and aluminum, respectively, and also levied a 25% tariff on goods from Mexico and Canada. Rising tariffs push up commodity prices and increase inflationary pressures, which will greatly limit the Federal Reserve's decision-making space. If inflation rises due to tariffs, the original interest rate cut plan may be delayed, and high interest rates may persist for longer, adding uncertainties to the US and even the global economy.

How to Precisely Capture the Opportunity to Buy Low in the Market?

On one hand, we should be adept at taking action when no one else is paying attention. When a cryptocurrency has not yet attracted widespread public attention, it is a good time to quietly make a layout. It is like positioning yourself in front of an unknown treasure before others discover its value and rush in, allowing us to enjoy the appreciation bonus. However, this requires us to have unique information channels or solid technical analysis skills, which are not easy to obtain.

On the other hand, it is also crucial to buy when opinions are divided. When the market has differing views on the prospects of a cryptocurrency, it often means a good buying opportunity. Sell after the market reaches a consensus and prices rise significantly, following the principle of "buying when the market is neglected and selling when everyone is chasing." As long as we can keenly capture market misjudgments, we can make a profit. For example, some cryptocurrencies that were once forgotten by the market have been boldly bottom-fished by some people, who eventually reaped returns of tens of times, by seizing market blind spots. As the cryptocurrency market continues to evolve, we must keep pace with the times, closely monitor market dynamics, and not miss new entry opportunities.