Bitcoin is fighting to decisively reclaim $74,000 as the ongoing market rally persists. Meme coins DOGE and SHIB led the move, with DOGE rising just over 10% in the period, from $0.09 to $0.10, lifting its market value from about $13.79 billion to $15.35 billion. SHIB advanced nearly 15%, moving from $0.000005372 to $0.000006161, as Shiba Inu’s market cap climbed by about $3.16 billion to $3.62 billion. Despite these gains, questions remain on whether the two meme coins are worth buying in March.
Along with the ongoing war against Iran that the U.S. and Israel initiated on February 28, perhaps the most important external narrative for digital assets might come on March 18. The FOMC meeting will end on that day and deliver a new interest rate decision. A rate cut could inject liquidity and spur further upside, while a hold or increase—driven by energy-price shocks linked to the war—could trigger a broad selloff, with DOGE and SHIB among the more exposed assets; in the near term, the tight correlation with Bitcoin suggests SHIB and DOGE may continue their rally. The Altcoin Season Index indicates capital rotation into high-beta assets, a class that includes meme coins, supporting the case for continued upside for meme-focused tokens even as macro risks linger.
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