The breast coin market suffered a great concussion. Dogecoin (DEGE) and Shiba Inu (SHIB) prices lost more than 25 and worried investors. Uncertainty, high liquidations and diminishing market interest in global markets are among the main reasons for this harsh decline.
Trump’s new tariffs and global trade war concern
The decline of Dogecoin and Shiba Inu began with US President Donald Trump’s announcement of new import tariffs. Trump announced that it will bring additional taxes to products from Canada, Mexico and China. This news caused concern in the global markets and spread to the crypto market.
According to crypto analysts, the expectation of trade war removed investors from risky assets. The price of Bitcoin (BTC) fell to 91 thousand levels and great losses in the Altcoin market. Breast Coins such as Doge and Shıb were the most harshest of the decline wave.
Liquidation pressure hit the breast coin market hard
The collapse of the prices of Dogecoin and Shiba Inu became more intensified by liquidations in the futures market. According to Coings data, the position of 87 million in Dogecoin in the last 24 hours and 7.5 million in Shiba Inu was liquidated.
The loss of large leveraged positions of investors increased the sales pressure on the market. This situation caused prices to decrease and weakened the trust of the investor. Doge and Shıb lost up to critical support levels by losing the acceleration of the rise.
Interest in the futures market
Another important indicator of the fluctuation in the market was the rapid fall of the futures OI). Open positions for Doge decreased by 33 to $ 2.44 billion, while Shıb this rate reached 46 to $ 155 million.
This shows that investors’ interest in the breast coin market is reduced and they avoid taking risks in the current uncertainty environment. If this trend persists, larger decreases may be seen in the prices of Dogecoin and Shiba Inu.
How is the status of the breast coin market now?
Shiba Inu (SHIB) price is currently trading at 0.00001368. During the day, the lowest 0.0000123 saw the highest 0.00001764 levels. In particular, Shıb’s burning rate decreases almost 100, increasing sales pressure on the market.
Dogecoin (Doge) also experienced a similar decrease. The price decreased by 21 to 0.2394. The lowest of the day reached 0.2117, the highest 0.3061 levels. While investors are in uncertainty in the crypto market, it is a matter of curiosity how to recover in the coming days.
