Crypto Price Today: Dogecoin Dips While Bitcoin Price Steadies Amid Tariff News

Monicah W

Crypto Price Today

The post Crypto Price Today: Dogecoin Dips While Bitcoin Price Steadies Amid Tariff News appeared first on Coinpedia Fintech News

The crypto market today experienced a pullback, with major cryptocurrencies slipping as profit-taking kicked in after a solid run earlier in the week. 

Dogecoin (DOGE) was hit the hardest, falling more than 5%, while Bitcoin (BTC) maintained its stability around the $93,000 mark. 

Other large-cap tokens such as XRP, Solana (SOL), and Binance Coin (BNB) experienced losses of over 2%, with Ether (ETH) seeing a milder dip of 1.5%.

Why the Sudden Crypto Sell-Off?

The crypto market dropped by a modest 2.5%. This sell-off was not triggered by any negative news but rather by profit-taking after earlier gains. While global economic risks and political uncertainties continue to impact sentiment, Bitcoin stood resilient, attracting over $916 million in ETF inflows. Investors are increasingly viewing Bitcoin as a safe-haven asset amid volatile market conditions.

According to Vugar Usi Zade, an analyst at Bitget, Bitcoin’s correlation with stocks continues to weaken, while the U.S. dollar’s decline adds to its appeal as a store of value. However, short-term market movements remain heavily influenced by macroeconomic signals.

Global Politics and Macro Tensions Fuel Volatility

The global political landscape adds another layer of uncertainty. Although President Donald Trump recently reassured the market by stating that he does not intend to fire Fed Chair Jerome Powell, easing some bond market nerves, the ongoing trade war with China remains a wildcard. 

Some Chinese goods face tariffs as high as 245%, keeping tensions high. Meanwhile, QCP Capital notes that Powell’s statement removed a key risk factor, but geopolitical instability and unclear regulations continue to weigh on the market sentiment.

As a result, the market remains in a “wait-and-watch” phase. Bitcoin’s steady price action and growing ETF demand offer optimism, but the broader crypto market, particularly meme coins like DOGE, remains vulnerable to sentiment shifts.

Dogecoin: Analysts Spot Breakout Potential

Despite the current market dip, DOGE analysts remain optimistic about the coin’s long-term prospects. Crypto analyst Javon Marks believes that Dogecoin is still in an uptrend, despite its recent dip. He highlights that the price has been forming higher lows and higher highs, a classic pattern that indicates continued upward momentum. Marks predicts that DOGE could potentially reach $0.6533 or even $1.25 in the future if the bullish momentum continues.

On the other hand, analyst Ehsan Zeydabadi identifies a symmetrical triangle pattern forming for DOGE, a setup often indicative of an impending breakout. If DOGE breaks above its resistance levels soon, it could move towards $0.194, but if it fails to break out, the price could drop to around $0.146 or lower.

Bitcoin Price Today: Market Resilience Amid Volatility

While other cryptocurrencies face uncertainty, Bitcoin (BTC) has proven to be a resilient asset, attracting growing interest from institutional investors. Today, Bitcoin remains strong, holding near the $93,000 mark, as it benefits from its safe-haven appeal in uncertain economic times. 

This, coupled with its weakening correlation with traditional stocks and the declining U.S. dollar, positions Bitcoin as a potential store of value for the long term.

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Cryptocurrencies Price Prediction As Crypto Market Braces for Fed’s Interest Rate Decision, FOMC

Cryptocurrencies Price Prediction As Crypto Market Braces for Fed's Interest Rate Decision, FOMC

Cryptocurrencies price consolidated on Wednesday, with no significant gains or losses as traders awaited the Federal Reserve’s decision on interest rates. Bitcoin price fluctuated in the $82K to $83K range while Ethereum and XRP recorded a modest 1.5% and 0.4% gain, respectively. The total crypto market cap had also dropped by 1.4% to $2.8 trillion. This analysis explores how today’s FOMC meeting could impact crypto prices.

Cryptocurrencies Price In Focus Ahead of FOMC 

Today’s Federal Open Market Committee (FOMC) meeting will be a major price mover across the cryptocurrencies and stock markets. Despite last week’s CPI print showing that inflation has cooled to 2.8%, 99% of investors at the CME expect that Fed officials will leave interest rates unchanged. 

Analysts from Bank of America who spoke with Reuters noted that the March 19 FOMC meeting will be more about policy uncertainty, as Fed officials deliberate about whether inflation is on track to falling to the 2% target. 

With markets already pricing in zero rate cuts, the focus will be on the speech by Fed Chair Jerome Powell for clues on whether he has shifted to a more dovish stance. Per analyst Crypto Ideology,

“What truly matters isn’t just the rate decision, it’s Powell’s tone and the forward guidance. Markets will be watching for any hints on future cuts, especially with June and July meetings in sight. Hold or not, volatility’s guaranteed.”

Powell’s speech may also offer insights into how policymakers view Trump’s trade policies and tariff plans, which have caused economic uncertainty. The Bank of Japan has cited higher US tariffs as the main reason for keeping rates steady.

Crypto Market Forecast With Fed Likely to Maintain Hawkish Stance

If Powell’s speech and the FOMC minutes reveal a hawkish stance, it will most likely stir a decline in cryptocurrencies price. Moreover, with no bullish catalyst in sight and top analysts predicting that the bull market has ended, the bearish impact of zero rate cuts and Powell’s speech could extend into Q2 2025. 

Meanwhile, Polymarket odds of the Fed ending quantitative tightening by June 2025 have soared to 100%. CME also prices in a nearly 60 basis points rate cut by year-end, paving the way for crypto prices recovery in the second half of 2025. 

Popular analyst Crypto Rover notes that if Powell were to say something positive in his speech, it could cause a price explosion for stocks and cryptocurrencies. At the same time, trader Kale Abe says that,

“I just don’t see how FOMC can be bearish. The bearish situation is literally almost 100% priced in.” 

The Volmex Implied Volatility Index for Bitcoin and Ethereum has also dropped, indicating fewer speculative trades ahead of the FOMC report. This further proves that the market may have priced in the event. 

Cryptocurrencies Price Prediction As Crypto Market Braces for Fed's Interest Rate Decision, FOMC
Bitcoin & Ethereum Volatility Index

Therefore, it is likely that cryptocurrencies price might continue trading within a tight range or drop slightly after the FOMC meeting. However, the crypto market will do well in the long term as investors anticipate at least two rate cuts in 2025.

The post Cryptocurrencies Price Prediction As Crypto Market Braces for Fed’s Interest Rate Decision, FOMC appeared first on CoinGape.

Pi Network Users Allege Bot Activity on CoinMarketCap Affecting Community Sentiment

Pi Network’s community sentiment poll on CoinMarketCap fell dramatically today, leading to allegations of bot activity. Negative votes swarmed the site’s poll, while other community ratings stayed positive.

However, there is no clear proof either for or against these claims. Pi Network has suffered criticism and price setbacks recently, and its supporters have swayed polls, votes, and ratings on multiple occasions.

Did Bots Sabotage Pi Network’s Community Sentiment?

Since its launch on February 20, Pi Network has seen more than its share of controversies. Critics have attacked its accessibility, governance, transparency, and more, and multiple governments have called it a scam.

Today, however, Pi supporters raised concerns about bot activity on CoinMarketCap after the token’s community sentiment plummeted:

“It looks like somebody is using bots to vote against PI. I am 99% sure this is not an organic poll. Over 1.94 Million votes is even bigger than the BTC vote. 77% of the PI community is bullish on CoinGecko. Why is it so different on CoinMarketCap?” a Pioneer asked on social media.

Specifically, this user noted that Pi’s community sentiment plunged 90% in less than a day and that this poll had more participants than Bitcoin’s.

Other platforms with a similar voting mechanism kept Pi’s rating steady, leading him to conclude that bot activity was involved.

Pi Community Sentiment Plummets
Pi Community Sentiment Plummets. Source: Moon Jeff

It’s very difficult to assess the veracity of these Pi Network bot allegations for several reasons. First of all, the token’s price has suffered dramatically this week.

Many users lost huge sums of Pi tokens after the KYC migration deadline, and massive investor sell-offs have triggered a price rout. Some of this negative sentiment may be genuine.

Additionally, it’s interesting that CoinMarketCap is the only platform involved in the Pi Network bot voting allegations. The firm refused to acknowledge Pi as one of the largest tokens by market cap, but it eventually relented.

Either the platform or its community could bear resentment towards Pi after these setbacks.

Furthermore, the community does have a reputation for vote brigading. Bybit’s CEO has repeatedly criticized Pi, and the token’s supporters review-bombed the Bybit app in response. They did a similar practice with Binance after the exchange delayed a Pi listing.

Ultimately, it seems very unlikely that disgruntled Pi supporters or committed haters spiked this poll without any bot activity. The negative votes came in absurdly fast, were isolated to one platform, and exceeded the votes for even the largest cryptoassets.

As of now, it remains challenging to find definitive proof either way.

The post Pi Network Users Allege Bot Activity on CoinMarketCap Affecting Community Sentiment appeared first on BeInCrypto.