Market Volatility Rises Amid Global Events Impacting Oil Transport

This week, key U.S. economic data releases are anticipated, including February's CPI on Wednesday, unemployment figures on Thursday, and January's PCE price index on Friday. According to ChainCatcher, while these macroeconomic indicators are significant, the military actions by the U.S. against Iran affecting the Strait of Hormuz are the true market-moving events, impacting global oil transportation. Since last week, there has been a noticeable increase in implied volatility for major terms, with Bitcoin's short-term implied volatility exceeding 65% and Ethereum's surpassing 80%, marking recent highs. The market's expectation for volatility this month continues to rise, and the recent decline in skew indicates a growing demand for downside protection.