Odaily News According to renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, the Bitcoin market may not have hit its true bottom yet, suggesting that "the real bottom might not appear until October 2026." He had previously forecasted that Bitcoin could drop to the $60,000 range in Q3 2026. On February 6th, Bitcoin briefly fell to around $62,700. Brandt believes that prices may fluctuate upward in the short term but could still retreat to the high $50,000 range within the year.

Meanwhile, Arthur Hayes pointed out that Ethereum's price may continue to consolidate sideways within the current range until US dollar liquidity improves. At the time of writing, Ethereum is trading around $1,941, having fallen over 40% in the past 30 days. However, Michaël van de Poppe, founder of MN Trading Capital, believes Ethereum is currently in an attractive accumulation zone and emphasized that stablecoin trading volume has grown by approximately 200% over the past 18 months. (cointelegraph)

Odaily News According to Adam Button, an analyst at the US financial website investinglive, commenting on the US CPI data, after the CPI data release, market pricing for the Federal Reserve showed a slight dovish shift, with the US dollar weakening accordingly, and S&P 500 index futures erasing earlier losses. It is noteworthy that due to the government shutdown, October CPI data was missing, and the November data collection started later than usual, covering more seasonal holiday discounts. Economists generally warn that these disruptions may have artificially suppressed the reading. Meat prices became a prominent focus, soaring 8.9% year-on-year, the largest increase since 2022, with fresh ground beef prices rising nearly 15%. Although this lower-than-expected report was welcomed by the market and provides support for the Federal Reserve to continue cutting rates, analysts emphasize that the December report will more clearly reveal the underlying inflation trend. (Jin10)

Odaily News Goldman Sachs Asset Management's Head of Multi-Sector Fixed Income Investments, Lindsay Rosner, stated that given the January CPI data was not as strong as feared, the Federal Reserve's "normalization" path for rate cuts appears clearer. This will depend on whether the job market continues to show signs of improvement, as the FOMC is highly sensitive to labor market weakness. We still expect the Fed to cut rates twice this year, with the next rate cut to occur in June. (Jin10)

Odaily According to the release of CPI data, the expected magnitude of Federal Reserve rate cuts for 2026 has risen to 61 basis points, up from a previous expectation of 58 basis points. (Jin10)

Odaily News: Following the release of CPI data, Michael Saylor, founder of Bitcoin treasury company MicroStrategy, posted on X: Go invest in Bitcoin today, monetary problems won't solve themselves.

Odaily News Traders expect a 50% probability of the Fed cutting interest rates for the third time this year. (Jin10)

Odaily News The U.S. January unadjusted core CPI annual rate fell from 2.6% to 2.5%, hitting a new low since March 2021, in line with market expectations. Following the release of the CPI data, according to Gate data, spot gold surged over $20 in the short term, currently trading at $4993.65 per ounce.