Why Altcoins Like Shiba Inu and Solana Were Sliding on Tuesday
An uninspired, fairly directionless cryptocurrency market was draining value from a wide range of altcoins on Tuesday. This wasn't quite a rout, but still, the general gloom hanging over various types of investments shaved the prices of quite a few of the less popular cryptos.Shiba Inu (CRYPTO: SHIB), whose logo is a jolly dog, wasn't in a good mood with its nearly 5% decline from 4 p.m. ET. Solana (CRYPTO: SOL) wasn't faring much better with a more than 4% drop, while Litecoin's (CRYPTO: LTC) almost 6% loss was feeling heavy for investors.This really isn't the fault of those cryptos, or even the broader crypto market generally. For the most part, investors are sitting on the sidelines of many asset classes -- equities in particular -- on continued unease about how the current tariff spat between the U.S. and its major trading partners will play out. Continue reading
An uninspired, fairly directionless cryptocurrency market was draining value from a wide range of altcoins on Tuesday. This wasn't quite a rout, but still, the general gloom hanging over various types of investments shaved the prices of quite a few of the less popular cryptos.
Shiba Inu (CRYPTO: SHIB), whose logo is a jolly dog, wasn't in a good mood with its nearly 5% decline from 4 p.m. ET. Solana (CRYPTO: SOL) wasn't faring much better with a more than 4% drop, while Litecoin's (CRYPTO: LTC) almost 6% loss was feeling heavy for investors.
This really isn't the fault of those cryptos, or even the broader crypto market generally. For the most part, investors are sitting on the sidelines of many asset classes -- equities in particular -- on continued unease about how the current tariff spat between the U.S. and its major trading partners will play out.
