CKB Rallies After BTC Client Release, MicroStrategy Pivots to Bitcoin Development

Market Update Stock markets are down, and bond yields are up following a January report showing U.S. consumer prices rising unexpectedly. Headline and core CPI saw year-on-year increases of 3.1% and 3.9%, surpassing the forecasted 2.9% and 3.7%. This higher inflation may dampen the anticipation of Federal Reserve rate reductions, with market participants currently foreseeing a 37% likelihood of a cut in May. Yesterday, Bitcoin surpassed the $50,000 mark for the first time since December 2021, although its value slightly declined to $48,600 following the inflation news release. On Monday, $BTC