Here's why BTC, SHIB, DOGE, ADA prices slipped after U.S. PCE data
Portfolio Pulse from
The cryptocurrency market experienced a significant downturn following the release of the Personal Consumption Expenditures (PCE) inflation index. The core PCE rose from 2.7% to 2.8% in February, exceeding median estimates and suggesting persistent inflation challenges. This data could prompt the Federal Reserve to maintain higher interest rates, negatively impacting cryptocurrencies like Bitcoin, Shiba Inu, Dogecoin, and Cardano.
March 28, 2025 | 1:30 pm
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NEGATIVE IMPACT
Cardano's price dropped over 3% following the PCE inflation data release, reflecting broader cryptocurrency market uncertainty and potential monetary policy implications.
Layer-1 blockchain tokens like Cardano are susceptible to macroeconomic trends, and continued high interest rates could limit investment in speculative crypto assets.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Bitcoin price fell below $85,000 as the PCE inflation data suggests potential prolonged high interest rates, which could negatively impact cryptocurrency valuations.
Higher inflation may lead to sustained high interest rates, reducing liquidity and making risk assets like Bitcoin less attractive to investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin fell over 3% in line with the broader cryptocurrency market reaction to the PCE inflation report, reflecting investor concerns about potential monetary policy tightening.
Meme cryptocurrencies like Dogecoin are vulnerable to macroeconomic shifts and could see continued pressure if interest rates remain high.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shiba Inu experienced a decline of over 3% following the release of PCE inflation data, reflecting broader market sentiment and economic uncertainty.
Altcoins like Shiba Inu are particularly sensitive to macroeconomic shifts, and potential continued high interest rates could suppress speculative asset prices.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80