Why Are Dogecoin & Shiba Inu Falling By Over 10% Today?

The cryptocurrency manufacture witnessed a monolithic crash. Most assets successful the marketplace were losing retired connected large gains earned passim the past fewer months. As the world’s largest cryptocurrency, Bitcoin (BTC), dipped beneath the $90,000 people down to a debased of $88,273.30, respective assets followed suit. The meme coin marketplace was spared, either. Top cryptocurrencies similar Dogecoin (DOGE) and Shiba Inu (SHIB) were among the biggest losers of the day.

Also Read: XRP Price Struggles Below $2.2—What’s Next for the Week Ahead?

A Dive Into The Shiba Inu & Dogecoin Markets

Source: Watcher Guru

The OG meme cryptocurrency Dogecoin dropped by 12.54% implicit the past 24 hours. The plus went from trading astatine a precocious of $0.2334 down to a debased of $0.1997. But pursuing a flimsy recovery, DOGE was trading astatine $0.2040 during the clip of writing. The regular trading measurement of the plus changeable up by 148% and was astatine $2.9 cardinal highlighting the accrued selling unit successful the market.

Source: CoinMarketCap

As seen successful the chart, Shiba Inu followed a akin pattern. At the clip of writing, the 2nd largest meme coin was trading astatine $0.00001340. Over the past 24 hours, SHIB plummeted by 10.68%. The asset’s 24-hour precocious presently stands astatine $0.00001488. Shiba Inu’s measurement passim the time roseate by 160%.

Also Read: Top 3 Cryptocurrencies To Buy During The Latest Market Crash

What Is The Reason Behind This Crash?

There are a fig of factors pushing the Shiba Inu marketplace downwards. Due to Trump’s tariff policy, investors are avoiding riskier assets owing to ostentation concerns. Bitcoin’s losses are made worse by its relation with stocks. This further follows declining organization support. It should beryllium noted that ETF withdrawals bespeak that large players are losing religion successful the market. Bitcoin is susceptible to sell-offs owed to a deficiency of breakout momentum. Lastly, bearish cognition toward the wide market.

In addition, connected February 25, the Crypto Fear & Greed Index, which assigns a people of 25 points to marketplace temper retired of a imaginable 100, dropped to “Extreme Fear.”

Bitcoin Fear and Greed Index is 25. Fear
Current price: $91,718 pic.twitter.com/tkUQPwbg6Z

— Bitcoin Fear and Greed Index (@BitcoinFear) February 25, 2025

Also Read: How High Will Cardano Rise If ADA ETFs Become A Reality