Bitcoin’s Wild Ride: Tariffs, Memecoins, and the PCE Drama! 🎢💰

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What to know:

  • Bitcoin is just hanging out above $87,000 like it’s waiting for a bus that’s never coming. 🚏
  • Meanwhile, Solana’s SOL, xrp (XRP), BNB Chain’s BNB, and ether (ETH) are barely moving, while dogecoin (DOGE) and shiba inu (SHIB) are throwing a party! 🎉
  • Oh, and don’t forget about the Personal Consumption Expenditure (PCE) data. It’s like the weather report for the economy—everyone’s watching it, but nobody really knows what it means! ☔

So, Bitcoin is just chilling above $87,000 this Wednesday afternoon, while traders are glued to their screens like it’s the season finale of a reality show. They’re all waiting to see how the U.S. tariffs will unfold starting April 2. Spoiler alert: it’s probably going to be a mess! 😬

In the last 24 hours, the big players have been as exciting as watching paint dry. Solana’s SOL, xrp (XRP), BNB Chain’s BNB, and ether (ETH) barely moved, but dogecoin (DOGE) decided to jump up 5.5%. It’s like the little engine that could! 🚂

And guess what? It’s the second day in a row that DOGE is gaining ground, while pepe (PEPE) and mog (MOG) are also getting in on the action. These tokens are like that friend who always tags along to the party, hoping to ride on the coattails of the popular kid. 🙄

Now, shiba inu (SHIB) is zooming up 11%. It’s like the underdog story we didn’t know we needed! Thanks to a shift towards riskier memes and a whopping 228% jump in its ShibaSwap exchange, it’s all systems go! 🚀

But hold on! There are still worries about a U.S. economic slowdown. It’s like waiting for a storm to hit while you’re stuck in a tent. Money managers are retreating to their safe spaces, just like we all do when we hear a loud noise at night. 😱

“We expect markets to keep their soft rebound from last week into month-end,” says Augustine Fan, Head of Insights at SignalPlus. He’s got his eye on the ‘liberation day’ tariff announcement from Trump on April 2nd. Sounds like a blockbuster, right? 🎬

“Crypto will remain a close proxy of equities,” Fan adds. So, if stocks sneeze, crypto catches a cold. Classic! 🤧

Traders at QCP Capital are saying that April is usually a good time for risk assets. It’s like the spring cleaning of the market—let’s hope they don’t throw out the good stuff! 🧹

“Options markets are cautious,” they say. It’s like everyone’s waiting for the other shoe to drop. And the PCE data? That’s the shoe we’re all watching! 👀

The PCE index is supposed to capture inflation across consumer expenses. It’s like a report card for the economy. High readings? Expect rate hikes. Low readings? Maybe a party! 🎈

The next PCE release is on March 28. Will it sway market sentiment? Who knows! It’s like waiting for the next season of your favorite show—full of twists and turns! 📺

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2025-03-26 10:44