Cryptocurrency Market Outlook: Tariffs and Interest Rates Weigh on Prices

Cryptocurrency prices are experiencing a downturn due to concerns over President Donald Trump’s tariffs and a hawkish Federal Reserve. Bitcoin (BTC) and Ethereum (ETH) are among the top cryptocurrencies affected by the recent developments.

Tariffs and Interest Rates: A Concern for Cryptocurrencies

The implementation of sweeping tariffs on Chinese, Mexican, and Canadian goods is expected to lead to higher inflation, prompting the Fed to maintain higher interest rates for longer. This has contributed to the decline in cryptocurrency prices.

Top Cryptocurrencies to Watch This Week

Several cryptocurrencies are worth monitoring this week, including Litentry (LIT), Flare (FLR), and Pi Network (PI).

Litentry (LIT) Price Analysis

Litentry’s price surged to a high of $1.8457, its highest point since March 2024, following the announcement of its rebranding to Heima. The total supply of Heima tokens is 100 million, with 66 million in circulation. The remaining tokens will be unlocked over the next 20 months.

The rebranding is part of Litentry’s evolution, focusing on creating interoperability among chains. The daily chart shows a triple bottom at $0.5345, and the price has moved above the neckline at $1.2440. A golden cross pattern has formed, indicating a potential continuation of the upward trend.

Tips for investors:

  • Monitor the LIT price for a potential target of $2.
  • Keep an eye on the transfer to HEI and its impact on the market.

Flare (FLR) Price Analysis

Flare is a top player in the blockchain industry, providing secure decentralized access to high-integrity data from other chains. The FLR token is expected to be in focus this week as it unlocks tokens worth $40.7 million, representing 3% of the total supply.

The FLR price has formed a bullish flag pattern, a popular continuation sign. The coin has moved above the 200-day moving average, indicating a potential strong bullish breakout in the next few weeks.

Tips for investors:

  • Watch for a potential breakout at $0.0325, its highest point in June last year.
  • Monitor the unlocking of tokens and its impact on the market.

Pi Network (PI) Price Analysis

Pi Network remained in a tight range over the weekend, following the extension of the KYC grace period. The developers noted that the extension was to allow more pioneers to verify their identity ahead of the mainnet launch in the first quarter.

The daily chart shows that the PI coin price has remained under pressure, forming a bearish pennant pattern and approaching a death cross. This indicates that Pi may remain under pressure this week.

Tips for investors:

  • Monitor the PI price for a potential target of $28.95, its lowest point in September last year.
  • Keep an eye on the mainnet launch and its impact on the market.

Other Cryptocurrencies to Watch

Other top cryptocurrencies to monitor this week include Ethereum Name Service, StepN, Aptos, Celestia, and Immutable X, which will unlock millions of tokens during the week.

Stay up-to-date with the latest cryptocurrency news and trends on Global Crypto News.

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