Internet reports that despite the rebound in Bitcoin prices, Presto Research analyst Min Jung believes Tuesday's increase only represents a small correction after the market's recent sharp decline. "We are seeing the market recovering, but it is more like a small rebound after yesterday's crash and there is no dominant news to drive that trend," Jung said."Also, the stock market closed the day slightly lower rather than another big sell-off." Investors are now focusing on Wednesday's release of the U.S. consumer price index, a key measure of inflation. "Today's CPI release will be a major event because the entire market is focused on inflation and how the Fed will respond," Jung said. Nick Ruck, director of LVRG Research, pointed out: "While Bitcoin and other cryptocurrencies have eased, this rebound has only corrected overly cautious risk aversion." The rebound in prices was driven in part by news that Trump canceled a 50% tariff on Canadian steel and aluminum originally scheduled to take effect on Wednesday. Earlier on Tuesday, Ukraine agreed to Trump's 30-day ceasefire proposal, and U.S. leaders are now seeking dialogue with Russian President Vladimir Putin to end the conflict between the two countries. Vincent Liu, chief investment officer of Kronos Research, warned that although tariffs have not yet been universally implemented to interrupt market momentum, volatility and macroeconomic risks still need to be treated with caution.