The crypto market has been under bearish pressure because of President Trump’s tariff policy. The Federal Reserve Chair Jerome Powell has also sparked concerns after his recent remarks revealed that US inflation may also rise because of these tariffs. This article explores the top altcoins that crypto traders should sell as the economic climate flips bearish.
Fed Chair Warns Tariffs Will Fuel Inflation – Time to Sell Altcoins?
According to Powell, the ongoing tariff war will have a negative impact on inflation. Following these remarks, Reuters reported that experts are also expressing concerns about US economic growth. One expert noted,
“Powell is confirming what investors have been worried about, and that is the likelihood of slowing economic growth and more stubborn inflation as a result of the tariffs.”
Meanwhile, US President Donald Trump attributes the wrangles in the financial markets to Powell’s hawkish stance on inflation. In his recent post on Truth Social, Trump noted that other central banks were lowering their rates to stimulate economic growth.
Despite the mounting concerns, data from CME FedWatchTool shows that 87% of investors believe that interest rates will remain the same next month after the FOMC meeting. If this happens, the crypto market faces volatility, hence the need for traders to seek the best altcoins to sell to minimize risks.
Top 3 Altcoins to Sell Now to Avoid Losses
The harsh macroeconomic situation is spooking crypto investors, and some are looking for the best altcoins to sell. The top altcoins to sell amid growing concerns are Mantra (OM), Pi Network (PI), and Trump (TRUMP)
Mantra (OM)
One of the top altcoins to sell to avoid losses is Mantra. This token recently recorded one of the worst crashes in crypto history, and it is now down by 92% from its all-time high recorded only two months ago.
Despite this dip, the RSI remains historically low at 27, which highlights a bearish momentum. At the same time, the ADX line is rising, which is a sign that the downtrend is gaining strength. This technical outlook supports a bearish Mantra price prediction.
Pi Network (PI)
Pi Network (PI) is also another altcoin to sell due to upcoming token unlocks. On-chain data shows that over 10M PI Coin tokens will be added to the circulating supply in the next month.
According to an X post by analyst Dr Altcoin, these unlocks are the main reason that the Pi Coin price is falling. These events have led to the Pi Coin market being flooded by more sellers than buyers, which is having a bearish effect on the price.
TRUMP (TRUMP)
TRUMP is also one of the top altcoins to sell as traders remain concerned about inflation and tariffs. Data from Coinglass shows that TRUMP’s funding rates have been predominantly negative in the last month. This indicates that many traders are taking long positions, further showing bearish momentum.
Summary of Top Altcoins to Sell
The Federal Reserve Chair Jerome Powell has warned that US inflation may rise again due to tariffs. His remarks have drawn criticism but have also caused concerns in the crypto industry about a possible downtrend. If the market starts to drop, the top altcoins to sell are Mantra (OM), Pi Network (PI), and the TRUMP meme coin.
Frequently Asked Questions (FAQs)
The top altcoins that crypto traders should sell now are Mantra (OM), Pi Network (PI), and TRUMP. These altcoins have a bearish outlook and face additional bearish pressure.
As inflation rises due to the ongoing tariff war, investors may begin selling risk assets like crypto to avoid losses. This will spark a downtrend for altcoins.
The Federal Reserve may lower interest rates to stimulate economic growth. President Trump is also advocating for rate cuts.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/3-altcoins-to-sell-now-as-feds-powell-warns-tariffs-will-fuel-inflation/
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