The cryptocurrency market is facing a new wave of price declines triggered by economic actions taken by President Trump and global tariffs.
Drop in Cryptocurrency Prices
The cryptocurrency market is bracing for another round of price declines as optimism wanes for the coming days. Contributing factors include tariffs and actions taken by President Trump that do not seek to entirely resolve existing tensions.
Prospects of Shiba Coin (SHIB)
Despite a promise of a $121 million reserve, Shiba Coin may face further declines. If continued, this could lead to testing levels of 0.00001246 and 0.00001054. Current news reports also indicate a decline in user activity.
Price Predictions for AVAX
AVAX prices are retreating to $22.4 after repeated failures to stay above $26. If the decline continues, a retest of the range between $19.44 and $18.5 may occur. Upcoming economic data could influence market moves in the following days.
The cryptocurrency market continues to face uncertainty related to politics and economics. Investors should closely monitor changes to react appropriately.
