Bitcoin has maintained a steady price above $87,000 as traders keep a close eye on U.S. data releases and the impending U.S. tariffs set to begin on April 2. In the last 24 hours, major cryptocurrencies like Solana’s SOL, XRP, BNB Chain’s BNB, and Ether (ETH) experienced modest gains of less than 3%. In contrast, Dogecoin (DOGE) surged by 5.5%, marking its second consecutive day of gains. Shiba Inu (SHIB) saw an impressive 11% increase, driven by a shift towards riskier meme tokens and a 228% rise in its ShibaSwap exchange volume over the past 30 days. Open interest in SHIB-tracked futures has also increased by over 20% since Sunday, signaling expectations of continued volatility. The upcoming Personal Consumption Expenditure (PCE) data release on March 28 is anticipated to influence Federal Reserve interest rate decisions, which could impact Bitcoin’s price depending on the inflation signals it sends.
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