{"id":381568,"date":"2025-03-11T18:52:45","date_gmt":"2025-03-11T13:22:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/btc-doge-shib-crash-as-citi-hsbc-issue-a-big-warning-crypto-news\/"},"modified":"2025-03-11T18:54:53","modified_gmt":"2025-03-11T13:24:53","slug":"btc-doge-shib-crash-as-citi-hsbc-issue-a-big-warning-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/btc-doge-shib-crash-as-citi-hsbc-issue-a-big-warning-crypto-news\/","title":{"rendered":"BTC, DOGE, SHIB Crash as Citi, HSBC Issue a Big Warning – Crypto News"},"content":{"rendered":"

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Crypto prices today continued their downward trend as investors remained in the sidelines and panic selling intensified. The crypto fear and greed index has slipped to 18, while Wall Street analysts from companies like Citi and HSBC have issued a major warning about the current state of the market.<\/span><\/p>\n

Crypto Prices Today Dip After Citi and HSBC Warning<\/strong><\/h2>\n

Citigroup and HSBC have issued a major warning about the US stock market and the economy. In a note, Citigroup downgraded US equities and upgraded Chinese ones. The analysts slashed the US stock market outlook from neutral to overweight.\u00a0<\/span><\/p>\n

The analyst noted that the US exceptionalism was pausing and that investors would find better opportunities elsewhere. <\/span>They added<\/span><\/a>:<\/span><\/p>\n

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\u201cThe news flow from the US economy is likely to undershoot the rest of the world in coming months.\u201d<\/span><\/p>\n<\/blockquote>\n

Similarly, analysts at HSBC, Europe\u2019s biggest bank by assets, downgraded US stocks citing <\/span>Donald Trump\u2019s trade wars<\/span><\/a>. The analysts remain moderately bullish on these equities, but see better opportunities in Europe, where the ECB is cutting rates.\u00a0<\/span><\/p>\n

These downgrades come as US stocks have crashed. The S&P 500, Nasdaq 100, and Dow Jones have all erased their YTD gains and are hovering near their lowest levels in months.\u00a0<\/span><\/p>\n

The performance of the US equities market is important for crypto prices because of their close correlation. In most cases, crypto prices like BTC, DOGE, and SHIB crash when Wall Street is not doing well.<\/span><\/p>\n

A potential catalyst for the crypto prices today will be a meeting between Donald Trump and top American executives.<\/span><\/p>\n

Crypto Prices Today: BTC, SHIB, DOGE Slip<\/strong><\/h2>\n

Some of the most standout cryptocurrency prices today were Bitcoin, Shiba Inu, and Dogecoin.\u00a0<\/span><\/p>\n

BTC Price Today<\/strong><\/h3>\n

Bitcoin price today sunk to a low of $76,500 and then quickly pared back some of these losses to a high of $82,000. This rebound happened as US stock futures rose, with the Nasdaq 100 index rising by 0.50% and the S&P 500 rising by 0.40%.\u00a0<\/span><\/p>\n

Technically, the Bitcoin price remains at risk as a death cross pattern nears. The spread between the 200-day and 50-day Weighted Moving Averages (WMA) has narrowed. A death cross is one of the most bearish patterns in the market.<\/span><\/p>\n