Our investors know so well that it inevitably has to descend to rise. The Crypto market has been one of the big asset clusters that have been determined to gravity over the past few days, with many coins and token reservation losses exceeding 20% and 30%. These are not the best times for digital money.
The defeat didn’t spare many codes. According to data compiled by S&P Global Market Intelligence, the high-profile meme token Shiba Inu was an investment dog that fell nearly 21% over the week. Worse, there were 26% and 27% falls on the Bitcoin Hard Fork Bitcoin Cash and Utility Token Chain Link, respectively. What’s worse, there was still 30% sagging in the avalanche.
At the end of last year and the beginning of this, cryptocurrency benefited from a set of positive factors supporting its value. The main one was the successful elections for Donald Trump and crypto investor JD Vance. This implies a new dawn in asset classes. Interest rates also earned chops, and skinny numbers were a boon for risky investments like digital coins and tokens.
Since then, that fast-spurting flow of good news has been drained. Trump’s support for encryption comes from the president’s own token, Trump official and his own token who joined the act alongside his own token, Trump official and her official Melania meme, Trump official and First Lady Melania. It was announced by effectively issuing Trump.
For some investors, it certainly feels like an opportunistic play in personal enrichment rather than a broader industry supportive measure. The disgust is prolonged, affecting altcoins.
Meanwhile, macroeconomic news is also not bending in favor of code. Yes, the economy continues to grow, but recent indicator data is not necessarily encouraging. On Friday, the U.S. Department of Labor released its latest employment figures, revealing that employers added 143,000 jobs. This was done simultaneously under the average economist estimate, far below the November and December “additions.”
The slower economy hangs on promises of interest rate cuts, but Federal Reserve officials and some economists generally don’t think this idea is hot. Some say in 2025, there may be limited cuts or no reductions at all. So what we have here is that the tail is not only a factor that pushes the code up higher, but actually pushes the price down.
This happens after some hot gatherings where certain coins and tokens have become richly cherished. The market is currently very thirsty for good and encouragement news about this asset class, and hopes that some people will soon come from political or economic spheres.
The story continues