Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto

    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert

    According to news sources, Coinbase is set to expand its derivatives platform…

    By
    Jane Omada Apeh
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    NewsBitcoinCrypto
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    May 30, 2025
    Bybit MiCAR license
    NewsCryptoMarket
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    May 30, 2025
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    NewsCryptoEthereumMarket
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    May 30, 2025
  • Cryptocurrency
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Bybit MiCAR license
    Bybit Expands into Europe with MiCAR License and Vienna Headquarters
    6 Min Read
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    Ethereum ETF Inflows Surge to $71M, Will ETH Price Follow to $2,900?
    7 Min Read
    image 297
    Updated List: 5 Top New Meme Coins to Buy and Hold for Long Term — Last Hours of Stage 6 for a 191.6% Rising Presale
    8 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Crypto Chaos: Why Shiba Inu, Litecoin, and Cardano Are Tanking
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Crypto Chaos: Why Shiba Inu, Litecoin, and Cardano Are Tanking
CryptoNews

Crypto Chaos: Why Shiba Inu, Litecoin, and Cardano Are Tanking

Crypto Chaos: Why Shiba Inu, Litecoin, and Cardano Are Tanking
Crypto Chaos: Why Shiba Inu, Litecoin, and Cardano Are Tanking
Maxwell Mutuma
Last updated: January 9, 2025 10:16 am
By
Maxwell Mutuma
Published January 9, 2025
5 Min Read
Share

Wednesday was not particularly good for cryptocurrency trading, as many altcoins lost huge percentages. Also down were Shiba Inu (SHIB), Litecoin (LTC), Cardano (ADA), and Solana (SOL), as a larger market downturn. Macroeconomic news, bond yields rising, and possibilities of higher interest rates were responded to by investors, dampening the market sentiment.

Contents
Shiba Inu and Litecoin Fall Amid Inflation FearsCardano and Solana Fall Amid Bond Yield SurgeAltcoins Hold Ground Despite Macro-Economic DifficultiesFAQs

Shiba Inu and Litecoin Fall Amid Inflation Fears

The release of the Bureau of Labor Statistics’ job openings report stirred concern among cryptocurrency investors. An increase from October’s 7.8 million to 8.1 million marked November’s job openings figure. While an increase such as this implies a growing economy, it does indicate a strong possibility that inflationary pressures will increase. Subsequently, central banks will have to raise interest rates.

Cryptos like Bitcoin, Cardano, and Shiba Inu are sensitive to inflation concerns. High interest rates can work against investments like bonds, which pay much less in interest when interest rates are high. This shift can take money away from riskier investments such as cryptocurrencies, causing market sell-offs.

This means that altcoins like Shiba Inu and Litecoin have lost their value. Later in the afternoon trading, Shiba Inu dropped over 4%. Litecoin trailed closely behind, falling by 3%, on fears about the economic outlook.

Cardano and Solana Fall Amid Bond Yield Surge

Also, the rise in bond yields has been critical, particularly the 10-year U.S. Treasury note yield. Since bond yields are growing, cryptocurrencies look less attractive to investors looking for safer returns. Meanwhile, the big shift in investment strategy towards government bonds only escalates the fall in the altcoin market.

However, these changes had a more noticeable effect on altcoins like Cardano and Solana. Solana slipped by more than 5%, while Cardano witnessed a drop of nearly 9% in the past 24 hours. Furthermore, both cryptocurrencies are highly volatile and sensitive to macroeconomic occurrences, further aggravating the downward pressure.

Crypto Chaos: Why Shiba Inu, Litecoin, and Cardano Are Tanking

Along with most other cryptocurrencies, Bitcoin has also been through a tumultuous time. This week, Bitcoin struggled to maintain its upward momentum, which saw its price surge over the $100,000 mark last month. The wider volatility in Bitcoin also impacts other, more obscure coins, such as Cardano, Shiba Inu, and Litecoin.

Altcoins Hold Ground Despite Macro-Economic Difficulties

Despite the sell-off, it doesn’t appear to have prompted a significant crash in cryptocurrency markets. There is still a strong demand for altcoin investors who are waiting for better market conditions. Resilience across crypto markets implies we are unlikely to see a prolonged downtrend absent a large shock to the broader economy.

Altcoins

However, the crypto market has weathered such conditions, even if the current economic environment is difficult. Most analysts think that cryptocurrencies will return unless more dramatic negative events occur. Meanwhile, market participants will hold their breath for further cues about potential disruption to inflationary trends and central bank policies.

Therefore, the downturn in altcoins such as Cardano, Shiba Inu, and Litecoin is due to the macroeconomic landscape. Riskier assets, such as those shown in cryptocurrencies, have also received pressure from job growth and rising bond yields. The circumstances are tough, but the general state for altcoins is stable, with investors waiting for fresher economic signals.

FAQs

Why are altcoins like Cardano and Shiba Inu dropping?

Altcoins are dropping due to rising bond yields and inflation concerns.

How do rising bond yields affect cryptocurrencies?

Rising bond yields make safer investments like bonds more attractive, reducing demand for cryptocurrencies.

Will the cryptocurrency market recover from the downturn?

Analysts believe the market will recover unless significant negative events occur.

Why are cryptocurrencies sensitive to inflation and interest rates?

Higher interest rates shift investor focus to traditional assets, reducing crypto investment appeal.

 

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Lido Finance Achieves Profitability as LDO Token Surges by 82% in 30 Days

Bitcoin Spot ETFs Soar: $11M Inflows Amid GBTC Outflows – What’s Driving the Trend?

Ripple’s RLUSD Approval Pushes XRP to $2.33 and Strengthens Market Position

How Many Bitcoins Does Elon Musk’s Tesla Own Despite Recent Transfers?

SEC Drops Another Crypto Case – What’s Next for XRP?

TAGGED:CardanoShiba Inu

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByMaxwell Mutuma
Follow:
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
Previous Article Sberbank Warns Digital Ruble Launch Could Be a Costly Mistake Sberbank Warns Digital Ruble Launch Could Be a Costly Mistake
Next Article image 43 Top New Meme Coins to Join for Short Term: BTFD Coin’s 90% APY Staking Steals Investors’ Hearts While Turbo and Memecoin Ride the Hype Wave
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English