The Dogecoin and Shiba Inu prices Fight to keep every rally upside down and to trigger the bearish feelings in the direction of the leading memes. These memen coins have to deal with macrofactors that typically form for risk assets such as Dogecoin and Shiba Inu.
Why Dogecoin and Shiba Inu prices have to fight
Coinmarketcap data Shows that Dogecoin and Shiba Inu have difficulty jumping off their current price level after they have had significant pressure in the past few weeks. Crypto Analyst Unipcs, also known as “Bonk Guy”, provided insights into the why the Leading meme coins currently have problems.
In X PostHe emphasized the “bad” CPI and PPI data, and Donald Trump threatened to implement more tariffs that are Bärisch for the prices of Dogecoin and Shiba. The US CPI data showed that inflation rose to 3% in January, higher than expectations. Similarly, the PPI data showed that inflation rose to 3.5% in January, higher than the expectations of Wall Street.
The US CPI and PPI data that are higher than expectations US Federal Reserve It is unlikely that a quantitative guideline (quantitative looseing) will be used with an increasing inflation. This also means that the Fed will shortly reduce interest rates, which is bearish for this risk assets, since dealers and investors are less inclined to assign them to capital.
In the meantime, Donald Trumps The threat from more tariffs is another reason why Doge and Shib’s prices are struggling today. The President announced that he would implement mutual tariffs in countries that the United States wrongly taxed. This has once again triggered concerns about trade wars that are bearish for these memes and other risk assets, since such developments generally cause economic uncertainty.
It is worth noting that Trump has already announced tariffs for imports from China, Canada and Mexico, which have extinguished over 2 billion US dollars from the cryptom market. Although the United States, Canada and Mexico agreed with a one-month break for these tariffs, Dotecoin and Shiba still have to struggle with global uncertainty.
A silver strip for this meme coins
In the middle of these bear macro developments there are other factors that paint a bullish picture for the prices of Dotecoin and Shiba Inu. One is the confirmation of the US Securities and Exchange Commission (Sec) Grayscale’s Dogecoin ETF submission. This is positive for the leading meme coins, especially for DOG, as there is a great option that the Commission approved this investment product.
The approval of this fund could pave the way for the introduction of A Shiba Inu ETF. In addition, the Shiba Inu Prize has a strong positive correlation with the Price Dogecoin, so that it has to gather as a Doge skills on the back of this ETF developments.
Selected picture of Unsplash, diagram of tradingview.com