As Bitcoin
$88,214 remains stable above $87,000, market participants are closely monitoring upcoming economic data from the United States and the potential effects of tariffs set to take effect on April 2. While no significant directional shift is observed in the overall market, there have been limited increases among various cryptocurrencies. Notably, risky assets like Dogecoin 
$0.205073 and Shiba Inu are showing remarkable movements. Experts suggest that the announcement of the PCE index, a key inflation indicator, on March 28 could create a turning point in the market.
Cryptocurrency Prices Remain Static, Exceptions Stand Out
In the past 24 hours, major cryptocurrencies have seen limited increases. Solana 
$145, XRP, Ether, and BNB experienced gains of less than 3%, while Dogecoin stood out with a 5.5% rise. Dogecoin’s performance led to similar upward movements among meme tokens, with slight increases noted in tokens like PEPE and MOG. On the other hand, Shiba Inu caught attention with an 11% increase. A remarkable 228% jump in trading volume on the local exchange ShibaSwap has heightened interest in SHIB. Additionally, SHIB positions in futures trading have seen over a 20% increase, indicating a temporary rise in market risk appetite. Investors are generally adopting a cautious approach. Bitcoin’s stable price movement reflects a market in wait-and-see mode. The impact of the PCE data, to be released on March 28, on the Federal Reserve’s interest rate policy is highly anticipated.
Economic Uncertainties Affect Risky Assets
Signs of a slowdown in the U.S. economy are fostering a cautious sentiment in the cryptocurrency market. The stagnation seen in stock markets is pushing portfolio managers to adopt defensive positions. Cryptocurrency investors are closely monitoring these developments. Augustine Fan, Head of Insights at SignalPlus, notes that the market may maintain a slight upward trend until the end of the month following last week’s recovery. He also predicts that the international trade tariffs effective April 2 could initiate a rally in global markets. Investors at QCP Capital share a similar optimism. They highlighted that historically, April is one of the strongest periods for risky assets. This expectation is interpreted as a potential new wave of increases in cryptocurrencies. Market participants are preparing to reassess their positions, particularly in light of the economic data expected from the U.S. The PCE data is anticipated to have a significant impact on market direction.
