Ah, Dogecoin (DOGE), Shiba Inu (SHIB), and XRP, the beloved darlings of the crypto world. Well, they’ve done it again—crashed, that is. 💥 February has started with quite the bang as these three have nosedived into the financial abyss, all thanks to a major slump in Bitcoin prices following none other than Donald Trump’s latest tariff escapades and the mudslinging hubbub with DeepSeek.
Why Dogecoin, Shiba Inu, And XRP Crashed Again
Three of the top cryptocurrencies on everyone’s radar have been doing the cryptocurrency version of the cha-cha—one step forward and two steps back. As per CoinMarketCap data, Dogecoin’s price has somersaulted down over 6.6% just this past week, skidding to the $0.32 level. Ouch. 🐕
At the year’s onset, Dogecoin was strutting its meme coin stuff with modest single-digit gains, riding the bullish wave following Trump’s presidential inauguration vibe-a-palooza in the US. After a short-lived rally, it took a breath, consolidated, and oh boy, here we are—falling like that one uncle at the wedding who thinks he can bust a move. 🤦♂️
Meanwhile, Shiba Inu and XRP couldn’t resist the temptation to join in on the freefall fun, plummeting by 5.3% and 2.43%, respectively, over the past week. With momentum as weak as overcooked spaghetti, these cryptocurrencies faced the wrath of increased market volatility. 🍝
The monumental crash is all thanks to Trump’s grand tariff plans. On January 31, White House’s resident newsbreaker, Press Secretary Karoline Leavitt, announced plans to slap 25% tariffs on Mexico and Canada and 10% on China. How’s that for some international spice? 🌶️
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2025-02-02 08:18