The cryptocurrency market stabilized somewhat in Asian trading after an overnight decline in the United States; a warning from Standard Chartered about the possibility of further Bitcoin weakness was cited as a recent source of pressure. The bank lowered its end of 2026 Bitcoin price forecast from 150000 dollars to 100000 dollars and warned that a drop toward the 50000 dollar range is also possible. Meanwhile, weak results from Coinbase Global Inc., which reported a quarterly loss of 667 million dollars and declining revenue, reflected the impact of lower token prices on trading activity. Analysts say that ETF outflows, weaker macroeconomic conditions, and correlation with declines in other risk assets continue to preserve downside risk in the crypto market.

Today at 17:00 (GMT+3:30), the US January inflation report will be released. After the January employment report, markets became uncertain about the path of monetary policy and expectations for rate cuts declined. Today’s inflation data could provide greater clarity on the policy outlook. The market expects both headline and core inflation to rise by 0.3 percent.

US inflation in January was lower than expected. The Consumer Price Index, CPI, rose only 0.2% month over month, marking the smallest increase since July. Core inflation, excluding food and energy, increased in line with forecasts, while services costs rose but core goods prices remained largely stable. Lower energy, gasoline, and some goods prices helped moderate inflationary pressure, and the annual inflation rate also edged down slightly. However, super core inflation, excluding energy, food, and housing, rose by 0.6%, which is considered a high figure. Overall, after the report was released, expectations for interest rate cuts increased.

Donald Trump announced that the United States will soon deploy the aircraft carrier USS Gerald R. Ford to the Middle East to increase pressure on Iran. This move comes alongside ongoing indirect nuclear negotiations, and Trump said he is hopeful about the success of the talks, but warned that failure to reach an agreement would bring serious consequences for Iran. The increased US military presence in the region has raised concerns about escalating geopolitical tensions.