The price of Bitcoin is hovering around $82,000.
According to CoinMarketCap on the 31st, Bitcoin is trading at $82,292, down 0.11% from 24 hours ago as of 8:02 a.m.
At the same time, Ethereum is trading at $1,805, down 0.71%, while Ripple is recording $2.13, up 1.05%.
The increased inflationary pressures in the United States have impacted the price decline. The Personal Consumption Expenditures (PCE) price index for February, announced on the 28th (local time), rose 0.4% month-on-month and 2.8% year-on-year, exceeding market expectations of 0.3% and 2.7%, respectively. As a result, there are concerns that the possibility of an interest rate cut by the U.S. Federal Reserve may be curtailed.
With just three days to go before President Donald Trump is set to announce mutual tariffs on April 2 (local time), there are also forecasts that this tariff policy implementation could lead to rising prices.