The cryptocurrency market finds itself back in the red as Bitcoin (BTC), Ethereum (ETH), and other prominent tokens recorded sharp declines. BTC slipped below $92,000 early in the session, while ETH tumbled 1.50% to $3,159.
Meanwhile, Husky Inu (HINU) is set for its next price increase, which will see the value of its native token rise from $0.00023298 to $0.00023387.
Husky Inu (HINU) Ready For $0.00023387
Recent Challenges
Despite growing optimism around the project, the team has faced several challenges. One of the key challenges it faces is the slowdown in fundraising. The project’s fundraising ground to a halt as it neared the $900,000 milestone, thanks to a dramatic downturn in the crypto market. While fundraising eventually picked up, the project took an eternity to cross $900,000, potentially impacting its long-term fundraising goals.
The project faces yet another slowdown as uncertainty shrouds the cryptocurrency market once again. As a result, fundraising has slowed to a crawl, with the project having raised $905,449 so far, still short of its stated goal of $1.2 million. The Husky Inu team will review market conditions before launch and remain flexible about the possibility of an early or late launch. The team has held two review meetings this year, with a third scheduled for January 1, 2026.
Cryptocurrency Market Stumbles
Meanwhile, the cryptocurrency market returned to bearish territory as the midweek rally lost momentum. Bitcoin (BTC), which hit a 7-day high of $94,008, lost momentum and dropped to a low of $90,978 early on Friday. However, it rebounded to reclaim $92,000 and move to $92,065. Despite the recovery, the flagship cryptocurrency remains down by over 1.20% in the past 24 hours. Ethereum (ETH) followed a similar trajectory over the past 24 hours, briefly dropping to $3,074 before recovering and moving to its current level. The altcoin is trading around $3,166, down 1.15%.
Ripple (XRP) has registered a substantially higher 24-hour drop of over 4%, trading around $2.08, while Solana (SOL) is down 3.51%, trading around $138. Cardano (ADA) is down nearly 3%, while Chainlink (LINK) is down almost 2% at $14.23. Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered substantial declines over the past 24 hours. The overall crypto market cap is down 1.43%, while the 24-hour trading volume is at $127.28 billion, down over 19%, according to CoinMarketCap data.
