Bitcoin (BTC) and ether (ETH) at XRP (XRP) Plunge Over 5% as Marketers Await US PCE Data

Ang Dogecoin (DOGE), ether (ETH) at XRP (XRP) ay lumubog ng higit sa 5% sa unang bahagi ng mga oras ng Asya nang kumita ang mga mangangalakal sa isang relief Rally mas maaga sa linggo

Ang Dogecoin (DOGE), ether (ETH) at XRP ay lumubog ng higit sa 5% sa unang bahagi ng mga oras ng Asya habang kumita ang mga mangangalakal sa isang rally sa gagaan sa mas maaga sa linggo, na may mga mata sa mga numero ng US personal consumption expenditure (PCE) na naka-iskedyul na ilabas sa susunod na Biyernes.

Ang crypto majors, na sinusubaybayan ng malawak na nakabatay sa CoinDesk 20 (CD20) showed a 4.5% slide in average, with DOGE leading the decline at 7%. Only TON, the token of Toncoin, was in the green in the top-20 by market capitalization, showing a 5% rise over the past 24 hours.

Gold jumped to fresh highs on Friday, with spot rates climbing above $3,109 in early Asian hours, continuing a stellar rise since early March. The MSCI World Index had its longest streak of monthly gains, according to Bloomberg, while a regional measure of Asian equities was poised for its biggest decline since Feb. 28.

Over $12.2 billion worth of Bitcoin (BTC) options will expire with the highest pain point at $85,000 later on Friday.

“Spot has been trading flat and OI continues to decline, indicating a lack of optimism in the market,” traders at Singapore-based QCP Capital said in a Telegram broadcast. “With the PCE Index data set to release tomorrow, we believe any short-term gains are limited as Markets await clarity on the next move by Trump in this worsening trade war.”

The PCE index captures inflation (or deflation) in a broad range of consumer spending and shows changes in consumer behavior.

Released monthly, PCE is said to influence the Fed's interest rate decisions. A high reading for PCE suggests rising inflation, which could spur rate increases to cool the economy, which might reduce risk appetite and pressure Bitcoin prices lower as investors favor safer assets.

Conversely, low PCE data hints at weak inflation, potentially leading to rate cuts or a stable policy, boosting liquidity and supporting Bitcoin's price as a speculative asset or inflation hedge.

The next release is on March 28 and could sway market sentiment, with bitcoin's reaction to how the data shapes Fed expectations — often followed by volatility as traders adjust positions.

Markets grew skittish on Thursday as President Donald Trump warned of deeper tariffs on Canada and the European Union if the two flouted and plotted against U.S. economic activity. In response, PRIME Minister Mark Carney of Canada said late on Thursday that his country would move quickly to trade more with other nations as the U.S. is "no longer a reliable partner."

"The global market is highly sensitive to the monetary policies set by major economies, especially the United States," Innokenty Isers, Chief Executive Officer at Paybis, told CoinDesk in a Telegram message. "With its relatively higher volatility, risk-averse investors may prefer to invest in alternative inflation hedges such as real estate or valuable metals rather than Bitcoin."

"Considering the longer trade war and the potential inflation that will come out, the capital allocation to BTC as a hedge against economic instability may decrease," Isers warned.