Impact of US-China Tariff War on Crypto: Selling FTT, TON, SHIB, PI Recommended
The escalation in US-China trade tensions, featuring significant tariff hikes, has increased uncertainty across financial markets, notably affecting the cryptocurrency sector. Initially, concerns arose over Shiba Inu (SHIB), as its value suffered in a risk-averse environment. Further developments have advised traders to consider selling struggling altcoins including FTX Token (FTT), Toncoin (TON), Shiba Inu (SHIB), and Pi Coin (PI) due to regulatory challenges and declining demand, sparking fear of continued declines. Throughout this period, the crypto market remains volatile, grappling with macroeconomic instability, underscoring the importance of cautious trading and robust risk management strategies amidst ongoing geopolitical tensions.
Bearish
The ongoing US-China tariff conflict introduces significant macroeconomic instability, negatively impacting the crypto market. The recommended selling of specific altcoins, like SHIB, FTT, TON, and PI, reflects traders’ risk aversion amid heightened volatility. This situation typically leads to reduced capital inflows and prolonged price pressure on these cryptocurrencies, further exacerbated by global economic uncertainty. Historically, such geopolitical tensions have been detrimental to market confidence and asset valuations, suggesting a predominantly bearish outlook, especially for risk-heavy altcoins.