Bitcoin is stuck just above $87,000 as traders brace for two big events—fresh U.S. inflation data and tariffs landing on April 2. According to CoinDesk, this price zone is looking shaky, with a “double top” pattern hinting at a possible slide toward $75,000. If Bitcoin can’t hold above $84,000 by Sunday, that bearish setup could become a reality.
Memecoins Rally while Traders Wait
Meanwhile, Dogecoin (DOGE-USD) and Shiba Inu are stealing the spotlight. DOGE jumped 5.5%, and SHIB soared 11%, riding a wave of risk appetite and a 228% surge in ShibaSwap activity. Traders are piling into these “beta bets” on Ethereum strength while big players like Solana (SOL-USD) and XRP (XRP-USD) stay relatively flat.
Markets Await PCE Data and Tariff Fallout
The next twist comes March 28, when the U.S. releases PCE inflation data—something that heavily influences Fed rate decisions. “Crypto will remain a close proxy of equities,” SignalPlus’s Augustine Fan told CoinDesk, adding that a softer tariff response from Trump could revive stocks and crypto. But as QCP Capital noted, “options markets remain cautious,” with traders waiting till June before getting too bullish.
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