The cryptocurrency market has taken a significant toll over the last few days. Bitcoin (BTC) has fallen to the $88,000 price level. The global crypto market cap has dipped 0.7% in the last 24 hours to $3.04 trillion. Shiba Inu (SHIB) has also taken a substantial hit.

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Cryptocurrencies Suffer Amid Tariffs

The latest market dip came after the US said that it would go ahead with its tariffs against Canada and Mexico. The US stock market also faced significant losses after the announcement. Cryptocurrencies saw big outflows as investor sentiment took a hit.

The Bybit hack of last week added further fuel to the fire. Around $1.4 billion worth of assets were stolen from the popular cryptocurrency exchange.

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Macroeconomic factors have also presented considerable hurdles to the crypto industry. Investors are likely weary about putting money into risky assets. The low prices could be a good entry point for many new investors to enter the market.

Top 3 Cryptocurrencies To Buy If You Like Shiba Inu

1. Dogecoin (DOGE)

DOGE is the original memecoin. The asset has come a long way in its 11-year history. Shiba Inu (SHIB) was created as a rival to DOGE. The original meme cryptocurrency could see a significant price bump over the coming months.

2. Bonk (BONK)

BONK is a Solana-based meme cryptocurrency that experienced significant growth over the previous year. The asset has struggled to gain momentum over the last few months. BONK could see a rally when the market recovers.

3. FLOKI (FLOKI)

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FLOKI is another dog-themed cryptocurrency that witnessed a spike in popularity during the market rush. The asset is named after Elon Musk’s Shiba Inu dog. FLOKI could rally if we see a surge in meme investments again.