Crypto market falls across the board: Why are Bitcoin, Ethereum, DOGE, and SHIB all declining? | Market Analysis
Recently, the cryptocurrency market has experienced a general fall, with mainstream tokens such as Bitcoin (BTC), Ethereum (ETH), DOGE, and Shib Inu (SHIB) all showing losses. This decline is mainly attributed to new concerns about a potential trade war, shaking investor confidence. Despite the market slump, several analysts remain bullish on the prospects of Bitcoin, Ethereum, DOGE, and SHIB. Some analysts point out that key indicators like MVRV (market capitalization to realized value ratio) are still below historical peaks. The continued increase in global liquidity suggests that the crypto bull run has not yet ended. They believe prices could break through $117,000 and are expected to reach the range of $140,000 to $170,000.
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