Bitcoin Drops Below $81,000

On March 13th, the cryptocurrency analytics firm Santiment posted on social media that the on-chain activity of Tether has been increasing rapidly. Over 143,000 wallets conducted transactions just yesterday, reaching a 6-month high. When the activities of USDT and other stablecoins surge during a price drop, it usually indicates that traders are preparing to buy. The increased buying pressure helps the cryptocurrency price to recover.

On March 13th, as monitored by Farside Investors, yesterday the US Ethereum spot ETF witnessed a net outflow of $10.3 million. This included: · Fidelity FETH: -$3.7 million · 21 Shares CETH: -$1.7 million · Franklin EZET: -$1.4 million · Grayscale Mini ETH: -$3.5 million

On March 13th. Possibly affected by the "Coinbase to List Aethir (ATH)" news, ATH experienced a temporary price increase of more than 7%. It is currently trading at $0.03594.

On March 13th, Steven Blitz, the Chief U.S. Economist of TS Lombard, stated that the inflation data did not give a signal for the Fed to cut interest rates. Although the Consumer Price Index (CPI) decreased from 3% to 2.8% in February, "there were a sufficient number of peculiarities in the data to cast doubt on any attempt to regard it as a trend." Blitz pointed out that the seasonally adjusted annualized growth rate of core goods prices, excluding food and energy, was 2.7% in February, which was an improvement from January's 3.5% but still volatile. He stated that this is "the category where the impact of tariffs is most clearly seen in the first round." Eventually, as the employment rate continues to rise, inflation will also rise correspondingly. (FXStreet)

On March 13th, President Trump of the US stated that the US will respond to the EU's retaliatory tariffs. (Xinhua News Agency)

On March 13th, as per official information, the modular blockchain network Hemi's mainnet has officially been launched.
BlockBeats had previously reported that the team Hemi Labs, founded by the legendary Bitcoin developer Jeff Garzik, announced the completion of a $15 million financing round in September 2024. This round was led by Binance Labs, Breyer Capital, and Big Brain Holdings, with participation from Crypto.com, Web3 Ventures, HyperChain Capital, Alchemy, Gate Ventures, Wu Jihan, and others.