Why Are Bitcoin, Ethereum, Dogecoin and Shiba Inu Prices Falling Today?
The post Why Are Bitcoin, Ethereum, Dogecoin and Shiba Inu Prices Falling Today? appeared on BitcoinEthereumNews.com. The cryptocurrency market has experienced a recent decline, with large cap crypto like Bitcoin, Ethereum, Dogecoin, and Shiba Inu all experiencing losses. This decline is mostly due to new worries about a potential trade war, which have shaken investor confidence. Why Are these Crypto Prices Down Today? A key driver behind this collective slump is Bitcoin’s recent dip, which has once again dragged Ethereum, Dogecoin, and Shiba Inu lower due to their strong price correlation with the flagship cryptocurrency. Over the past 24 hours alone, Dogecoin has declined by 4%, with Ethereum and Shiba Inu posting nearly similar losses. Bitcoin is currently in a period of stability, trading within a small price range as its fluctuations decrease. Data from Coinglass shows that Bitcoin has experienced over $562 million in liquidations as it remains around the $108,000 level. Recently, China warned the Trump administration about increased tariff threats, which have unsettled global markets. The deadline for a trade agreement on August 12 adds further uncertainty and crypto assets are among the first to feel the impact of rising economic pressures. In addition, Trump’s proposal of a 10% tariff on countries siding with BRICS, alongside mounting speculation about economic decoupling, has also unsettled investors. He also announced a 25% tariff on imports from Japan and South Korea, citing what he described as unfair trade practices that have contributed to significant U.S. trade deficits with both nations. Furthermore, Crypto analyst Ali Martinez reveals that more long-term Bitcoin holders are beginning to cash in on recent gains, fueling speculation of a potential market cooldown. While Bitcoin Treasury activity shows bold accumulation moves, many investors are locking in profits amid the current rally. Source: X With market volatility at a low, traders are hesitant to jump in, fearing they may lose money if prices continue…
The post Why Are Bitcoin, Ethereum, Dogecoin and Shiba Inu Prices Falling Today? appeared on BitcoinEthereumNews.com.
The cryptocurrency market has experienced a recent decline, with large cap crypto like Bitcoin, Ethereum, Dogecoin, and Shiba Inu all experiencing losses. This decline is mostly due to new worries about a potential trade war, which have shaken investor confidence. Why Are these Crypto Prices Down Today? A key driver behind this collective slump is Bitcoin’s recent dip, which has once again dragged Ethereum, Dogecoin, and Shiba Inu lower due to their strong price correlation with the flagship cryptocurrency. Over the past 24 hours alone, Dogecoin has declined by 4%, with Ethereum and Shiba Inu posting nearly similar losses. Bitcoin is currently in a period of stability, trading within a small price range as its fluctuations decrease. Data from Coinglass shows that Bitcoin has experienced over $562 million in liquidations as it remains around the $108,000 level. Recently, China warned the Trump administration about increased tariff threats, which have unsettled global markets. The deadline for a trade agreement on August 12 adds further uncertainty and crypto assets are among the first to feel the impact of rising economic pressures. In addition, Trump’s proposal of a 10% tariff on countries siding with BRICS, alongside mounting speculation about economic decoupling, has also unsettled investors. He also announced a 25% tariff on imports from Japan and South Korea, citing what he described as unfair trade practices that have contributed to significant U.S. trade deficits with both nations. Furthermore, Crypto analyst Ali Martinez reveals that more long-term Bitcoin holders are beginning to cash in on recent gains, fueling speculation of a potential market cooldown. While Bitcoin Treasury activity shows bold accumulation moves, many investors are locking in profits amid the current rally. Source: X With market volatility at a low, traders are hesitant to jump in, fearing they may lose money if prices continue…
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