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Highlights a critical economic update that could ripple through financial markets, including cryptocurrencies. On March 28, the U.S. Bureau of Economic Analysis released the Personal Consumption Expenditures (PCE) Price Index data for February, a key inflation gauge favored by the Federal Reserve. The report revealed that the core PCE, which excludes volatile food and energy prices, rose year-over-year by 2.8%, surpassing expectations of 2.5%. This unexpected uptick in inflation signals persistent price pressures in the U.S. economy, raising concerns about the Fed's next moves on interest rates. For the crypto market, this development could have mixed implications. Higher-than-expected inflation often prompts the Federal Reserve to consider tightening monetary policy, such as raising interest rates, to curb price increases. This typically strengthens the U.S. dollar and reduces appetite for riskier assets like cryptocurrencies, which are often viewed as speculative investments. Bitcoin and other digital assets might face downward pressure as investors shift toward safer havens like bonds or cash. However, some crypto enthusiasts argue that persistent inflation could bolster the case for decentralized assets as a hedge against currency devaluation. If traditional fiat currencies lose purchasing power, investors might turn to Bitcoin, often dubbed "digital gold," for wealth preservation. The market's reaction will likely hinge on the Fed's response and broader economic sentiment. As traders digest this data, volatility in the crypto space is almost certain, with potential for both sharp corrections and opportunistic buying.

February’s PCE inflation data just dropped—and it's sending a clear warning to the markets. Headline PCE inflation came in at 2.5%, perfectly matching forecasts. But here’s where things get spicy: ♦️ Core PCE inflation rose to 2.8%, above expectations of 2.7%. ♦️ January’s Core PCE was revised upward to 2.7% from the originally reported 2.6%. ♦️ This marks a clear acceleration in core inflation, which excludes food and energy—the Fed’s favorite measure for judging inflation trends. While headline numbers may appear tame, Core inflation tells the real story—and it’s not the one bulls want to hear. ♦️ So what does this mean? Core inflation is reaccelerating. This is especially worrying considering that… ♦️ Economic growth forecasts are trending downward. The Atlanta Fed GDPNow model was recently slashed, and other economic indicators—from housing to retail—are cooling off. ♦️ Meanwhile, inflationary pressures are not going away. Sticky services inflation, rising insurance costs, and continued wage pressures are keeping core PCE above the Fed’s 2% target. ♦️ This combo is a textbook setup for stagflation. Low growth + high inflation = the market’s worst nightmare. ♦️ Add in geopolitical stress, and the fire only grows hotter: ♦️ The ongoing trade war is adding fuel to the inflation fire. Tariffs, supply chain disruptions, and reduced global cooperation are all pushing input prices up across sectors. And the worst may still be to come… ♦️ March inflation data is now the big catalyst. If core inflation continues rising next month, the Fed will have no choice but to stay hawkish, even as the economy slows. This puts both equities and crypto at serious risk if rate cut hopes start fading again. ♦️ TL;DR: Core PCE at 2.8% = higher than expected January revised up = trend worsening Growth falling + inflation rising = STAGFLATION brewing Markets are flying blind if they’re only watching the surface. The real risk lies beneath. Stay alert, stay hedged, and keep your eye on March’s numbers. Because what’s coming could define the rest of 2025. Let me know if you want a meme or chart included to go with it!

Chainlink (LINK) seems to have taken a hit by the recent broad market liquidation as it has declined by 5% on its daily price chart to plunge below its crucial support level at $15. At press time, the asset was trading at $14.6 with a market cap of $9.6 billion. Meanwhile, its daily trading volume stages a 7% nosedive to reach $356 million. As outlined in our recent coverage, these declines were probably triggered by high sell-off concerns. Conversely to the overall market behavior, the asset continues to dominate in terms of user engagement as its social dominance significantly increases across all platforms. According to Santiment data , Chainlink’s discussion on social media has reached its highest point since October 2024. As discussed earlier, Chainlink has been on top of social metrics with our previous coverage highlighting the asset comfortably dominating in the Real World Assets (RWAs) category in terms of social mentions. Meanwhile, key whales and sharks with wallet sizes of between 10K to 10M have added 26 million more LINK since September 2024. According to the data, wallets of this size have reached an all-time high of 438.33M LINK, representing 43.8% of the supply. Explaining some of the reasons for the incredible surge in social discussion, Santiment mentioned the recent news surrounding a private meetup between US governance and the blockchain industry. At the event, Chairman Tim Scott stressed the importance of creating a healthy environment for digital asset firms to thrive in the US. Analysts have hinted that the rising social discussion around LINK signifies a growing interest and potential adoption which could subsequently reflect in its price. Currently, the asset faces a crucial resistance level at the $16.5 to $17.3 range. A break above the upper level of this area could see LINK hovering within a major resistance range of $20.2 to $21.7 range. On the downside, LINK could extend its current downward trend to find support at the lower side of the uptrend which is fixed at $12.6. Meanwhile, analyst Marzil still remains optimistic as he insists that the asset could stage a rebound to hit three key targets – $25.80, $32.66, and $40.70. Earlier, this analyst explained that LINK is trending within an ascending wedge structure after staging a rebound from the Fibonacci level of 0.786 ($13.55). When LINK was trading at $26, an analyst identified as Rose disclosed that the asset was “sitting” at an accumulation zone. At that time, Rose pointed out that a further drop to the $18-$20 range would act as another buying opportunity. 13 Days of accumulation below the $28 key level for $LINK. In my opinion, current levels are ideal for buying as we are still in accumulation and above the breakout zone. Worst-case scenario: Add more if $LINK revisits the breakout area. Anything below $20 is a buying opportunity! Currently, the asset trades below the highlighted accumulated zone, however, Rose expects a rebound to $39, as explained in our last analysis.

March 28th has brought a significant blow to the cryptocurrency market, with the total market cap dropping by 4.00%, now standing at $2.72 trillion. Leading the decline, Bitcoin ($ BTC ) lost 3.55%, reducing its market cap to $1.66 trillion. Ethereum ($ ETH ) suffered an even sharper hit, down 6.40%, settling at $226.24 billion. Stablecoins have shown resilience, with only a minor dip of 0.06% to $219.21 billion, while the "Others" category bled heavily, losing 5.67% to stand at $616.57 billion. Multiple factors have driven the latest downturn in the cryptocurrency market. Let’s break down the primary contributors: Top cryptos by market cap - coinmarketcap Rising global trade tensions are at the core of the current crypto market decline. The latest escalation stems from the United States government’s decision to impose steep tariffs on auto imports and other goods. On March 25th, the US announced 25% tariffs on imports from Canada, Mexico, and China, effective April 3rd. This protectionist move has stoked fears of a global economic slowdown, dampening sentiment across all risk asset classes. The ripple effect has been felt beyond crypto. For instance, the S&P 500 has also declined by 1.85% since the announcement, further indicating the market-wide impact of these trade tensions. Friday's release of the US Core PCE Price Index added to the market's anxiety. The index, which excludes volatile food and energy prices, rose 2.8% year-over-year in February, surpassing expectations of 2.7%. This higher-than-expected inflation data compounded fears of tighter monetary policies, sending shockwaves through the crypto market. Bitcoin dropped 4%, slipping below $84,000, while several other major cryptocurrencies followed suit. Investors, already on edge due to Trump’s tariff threats, dumped their holdings, fueling a sell-off across the market. The artificial intelligence (AI) sector, a rising star in the crypto space, has not been spared. Since the market meltdown, top AI tokens like NEAR, Bittensor, and Render have plummeted by 10.8%, 10%, and 8%, respectively. This sector-wide decline highlights the fragility of emerging narratives in the face of broader market uncertainty. The question on every trader’s mind is whether this downturn is a temporary correction or the start of a prolonged bear market. With trade wars heating up, inflation fears mounting, and technical indicators turning bearish, it’s clear that caution is warranted. Traders should brace for continued volatility and focus on risk management to navigate these turbulent times. Stay informed, and stay prepared—this ride is far from over.

Ethereum developers have finally rolled out a new testnet for Pectra after several unexpected issues delayed its deployment to the mainnet. Community members are now watching to see the impact of the upgrade preparation on ETH, the ecosystem’s native token. Developers initially planned for the Pectra upgrade to go live on the mainnet in March. They deployed Pectra into the network’s Holesky testnet on February 24. The upgrade, however, failed to finalize the network due to a problem with the fork configuration. This prompted developers to investigate and address the causes. As highlighted in our previous article, the Ethereum developers again introduced the upgrade on the Sepolia testnet. However, they encountered errors worsened by an unknown attacker who used an “edge case” to cause the mining of empty blocks. The Ethereum Foundation soon announced the launch of another testnet, Hoodi, to better prepare for the Pectra upgrade. In our last update, we examined whether Hoodi will focus on testing validator exits and addressing limitations in Ethereum’s Holesky testnet. Pectra may hit the mainnet as early as April 25 if it runs smoothly on the Hoodi testnet. Commenting on the upgrade, Nixo Rokish, an Ethereum Foundation protocol support team member, said developers are exhausted from the Pectra preparations. Rokish emphasized that consensus layer developers are particularly feeling the heat as Hoodi marks the third attempt to test Pectra. Rokish further noted that the Holesky testnet failed in part because developers never tested it with a small validator set on the canonical chain. With only 10% left on the canonical chain, validators overloaded their RAM and memory. They eventually kept the state for 90% of validators on the non-canonical chain. Meanwhile, Ethereum’s broader development continues to progress despite the recent testnet challenges. The network released the Dencun upgrade on March 13, 2024, which implemented many changes in the blockchain. While the price of ETH is still down on the daily chart, the altcoin has moved over the $2,000 mark, fueling optimistic sentiments among investors. At press time, ETH price was trading at $2,070, down 1.02% but up 2.16% in the past seven days. Based on the price chart, ETH may likely see consolidation between $2,050 and $2,150. Additionally, ETH’s growth rate is far from support and resistance levels. The low daily volume further confirms this, which indicates the absence of buyers’ or sellers’ strength. However, Ethereum’s open interest in the futures market has risen substantially in anticipation of the Pectra upgrade. As detailed in our last news piece, Ethereum’s open interest recently rose from 9.40 million ETH to 10.10 million ETH. This surge signals growing interest in derivative positions, which could help push ETH to new highs.