Traditional cryptocurrency investors are eagerly looking forward to the release of their US personal consumption spending (PCE) on Friday.
The US Bureau of Economic Analysis (BEA) will release its next PCE report on March 28th. This measures the inflation of the price that US consumers pay for their goods and services.
PCE inflation printing could be the “next key catalyst” for Bitcoin (BTC) and other risky assets, according to QCP Group, a Singapore-based digital asset company.
QCP wrote in Telegram:
“As we approach Friday’s quarterly expiration date, we don’t expect any significant volatility driven by options placement alone, as the highest interest in topside strikes is over $100,000.
The risky assets “signed that after Trump signaled twice on Monday, trading partners could provide a respite that would help ease market anxiety by ensuring exemptions or cuts,” the QCP added.
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Other analysts point to concerns about the world trade war as the biggest hurdle for investors’ appetites.
There are many positive crypto-specific developments, but global tariff fears will continue to put pressure on the market until at least April 2nd, according to Nansen research analyst Nikolai Sondergado.
“We look forward to seeing what happens with tariffs after April 2nd. Maybe we’ll see some of them fall, but it depends on whether all countries can agree or not,” Sondergaard said.
BTC/USD, one-day chart. Source: CointeLegraph/TradingView
Bitcoin prices exceed 14% as US President Donald Trump first announced import duties on Chinese products on January 20th, the day he took office.
Still, analysts hope that the PCE report will further alleviate inflation-related concerns, catalyzing the historic Bitcoin rally in April.
Source: Coinglass
Bitcoin averaged over a monthly return of 12.9% in April, making it the fourth-best month in Bitcoin prices based on historic returns, Coinglass data shows.
Related: Crypto-Decanking Not Finished until January 2026: Caitlin Long
Bitcoin could rise to a record high of $110,000 in alleviating inflation concerns
According to Arthur Hayes, Maelstrom’s co-founder and chief investment officer at Maelstrom, Bitcoin is likely to surge to its all-time high of new $110,000.
According to Juan Pellicer, senior research analyst at Intotheblock, the $110,000 mark on which Bitcoin was recorded, is “plausible in the current market environment.”
“BTC shows signs of recovery due to growing institutional interest and significant investment from large players,” an analyst told Cointelegraph, adding:
“The Federal Reserve’s recent decision to ease financial tightening could further increase liquidity and could support short-term price increases.”
“While market volatility is a risk that could continue to lead to pullbacks, the overall momentum and support level suggest that Bitcoin is likely to be a higher target first,” Periker added.
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