Prices for Ethereum, Dogecoin and XRP suffered heavy losses on the last day, causing bearish outlook for these Altcoins. This price crash comes even in the U.S. Supreme Court decision, maintaining and prolonging Trump’s tariffs. Israel and Iran conflict.
Why are prices on Ethereum, Dogecoin and XRP falling?
COINMARKETCAP data It shows that prices for Ethereum, Dogecoin and XRP have crashed in the last 24 hours. ETH has decreased by almost 4%, while Doge and XRP have decreased by almost 2% and 3%, respectively. This would look like this US Supreme Court denial Whether a motion is to promote consideration of movements? Trump’s tariffs Whether it’s legal or not.
This means Trump’s tariffs remain in place while the appeal case continues. Trump’s administration had previously appealed Federal Trade Court Judgment Tariffs exceeded the president’s authority under the International Emergency Economic Force Act (IEEPA). Meanwhile, a The Second Federal Court has also ruled Against customs duties.
However, the latest Supreme Court decision is Crypto Marketat least for now, we’ve seen Trump’s tariffs remain intact. The tariffs are bearish for Ethereum, Dogecoin and XRP prices, explaining why these altcoins have dropped sharply. Tariffs have already raised concerns about inflation, and the Federal Reserve is restricting interest rate cuts.
Fed Jerome Powell shows that the committee is ready to wait for how it will affect the economy rather than rushing to cut fees. Rate reductions are usually Ethereum, Dogecoin, and XRP Price Because they inject more liquidity into these assets. However, if tariffs persist, these rate reductions may remain pending.
Another reason for the fall in prices for Ethereum, Dogecoin and XRP is the ongoing Israel-Iraq conflict, which has now been going on for more than a week. Both countries have launched There have been new strikes with each other in the last 24 hours, and this is a move that is likely to further escalate the war. Meanwhile, the US is reportedly considering taking part in the war. These altcoin prices.
The White House said Donald Trump will decide whether the US will take part in the war within two weeks. US considerations have sparked fear among investors. This may have also contributed to a decline in Ethereum, Dogecoin and XRP prices.
Positives for these altcoins
Amid this decline, prices for Ethereum, Dogecoin and XRP will be positive. Statement from Governor Christopher Waller That rate will be reduced It could happen as soon as next month. in CNBC Interviewhe said he believes they need to move slowly but can begin to ease monetary policy from next month.
US President Donald Trump They are also being asked to cut fees several times. One of his latest True Social Posthe raised the possibility of Jerome Powell being fired if the Fed chair continues to slow interest rate cuts. Potential rate reductions are bullish for Ethereum, Dogecoin and XRP prices.
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