COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis

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The cryptocurrency market has experienced significant fluctuations since the morning. Leading cryptocurrencies like Dogecoin $0.18099, Ether, and XRP have shown losses exceeding 5%. Traders are focusing on profit realization following earlier gains this week, while the upcoming Consumer Expenditures Index (PCE) data is capturing attention. Global economic developments and trade uncertainties have also contributed to a cautious atmosphere in the markets.

Leading Cryptocurrencies Suffer 7% Losses

Among the top 20 cryptocurrencies, an average loss of about 4.5% was observed, with Dogecoin experiencing the most notable drop. Known as a meme coin, Dogecoin surprised investors with a nearly 7% decrease. Only Toncoin among the top 20 assets managed to rise during this period, gaining around 5%.

Attention is also shifting towards Bitcoin $85,150 as its options expiration approaches. With $12.2 billion in Bitcoin options nearing their due date, the “maximum pain threshold” has been calculated at $85,000. This represents a critical price level that traders consider while adjusting their positions. However, the current volatility and downtrend may hinder the market from reaching this level in the short term.

Cautious Anticipation Before the PCE Data Release

The upcoming release of the PCE in the U.S. stands out as a key indicator that may influence the direction of the cryptocurrency market. This data is significant for tracking inflation trends and may offer clues about future monetary policies. A high PCE value could reinforce expectations that the Fed will maintain a tight monetary policy, whereas a lower figure might increase the likelihood of easing.

Participants in the market are exhibiting a relatively stable and cautious stance ahead of this release. Reports from QCP Capital in Singapore highlight that the spot market has been stagnant, and open positions have decreased. While the prospect of a strong recovery in the short term appears weak, a limited rise may be possible after the data is released.

Trade Tensions Deepen Uncertainty

Signals of new tariffs from the U.S. President towards Canada and the European Union have caused unease in international markets. Canada’s Prime Minister stating that “the U.S. is no longer a reliable trading partner” suggests potential disruptions to trade balances. Canada’s plans to pivot towards alternative countries could affect not just bilateral relations but also the global supply chain.

The inevitable reflection of these tensions in financial markets is becoming evident. Paybis CEO Innokenty Isers noted that monetary policies and trade moves of major economies directly influence investment behaviors. Concerns about rising inflation may further dampen investors’ interest in alternative assets. Consequently, cryptocurrency investors continue to maintain a cautious approach in light of these developments.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.



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