The instability in cryptocurrency markets has been accentuated by the imminent release of the US Personal Consumption Expenditures (PCE) inflation report. Recent fluctuations have prompted concerns among investors, particularly regarding the potential for further decreases in Bitcoin (BTC) valuations. Notably, diverse major cryptocurrencies have recorded declines, with meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) leading the downward trend by both experiencing losses close to 5% within a 24-hour timeframe.