Last month's inflation index results were in line with expectations, and it seems the market has become more confident in the Federal Reserve's (FRB) stance to keep interest rates unchanged. The February Consumer Price Index rose 0.3% month-over-month and 2.4% year-over-year, perfectly matching market forecasts.

In response to this news, Bitcoin reacted and is currently trading around $72,810. Considering that a few months ago during the same period it was trading at $69,500, the price fluctuations amid stable inflation figures are intriguing. The 24-hour increase rate is 1.26%, indicating that the market is gradually regaining stability.

The core inflation index also came in as expected, with a 0.2% month-over-month and 2.5% year-over-year increase. The market is almost fully priced in at about 99% that the FRB will keep rates steady at the upcoming meetings in March and April. Under stable inflation conditions, a sharp rate cut seems unlikely. U.S. stock index futures are generally slightly down, and the 10-year U.S. Treasury yield has risen to 4.18%.