## Husky Inu hits new price as market pressure intensifies

The Husky Inu (HINU) project has reached a price of $0.00023931 amid an extremely challenging market environment. Globally, cryptocurrencies are facing a significant correction affecting both emerging projects and established tokens, creating an atmosphere of uncertainty that directly impacts crowdfunding initiatives like this token.

## Husky fundraising faces growing obstacles

The team behind Husky Inu has raised $905,569 so far, a considerable amount but still short of the initial goal of $1.2 million. The slowdown in capital raising became evident as the project approached the $900,000 milestone, reflecting the volatility and difficulties of the current environment. As the official launch date, scheduled for less than four months from now, approaches, questions arise about whether the team will be able to meet its funding target or consider adjusting the timeline.

The team has scheduled three strategic review meetings to assess progress and potentially reschedule the launch date. The first two sessions took place on July 1, 2025, and October 1, 2025, while the third is set for January 1, 2026. This flexibility in the schedule suggests that the launch could be moved forward or delayed depending on the outcomes of these evaluations.

## Bitcoin and the crypto market in trust crisis

Bitcoin continues to experience considerable volatility. The cryptocurrency briefly reached $93,410 during the session but failed to sustain this level, closing around $89,980 with a 2.80% drop in the last 24 hours. This movement reflects the market's inability to establish firm support, with analysts warning of possible additional pressures toward levels below $85,000.

The price action shows a pattern of short rebounds followed by aggressive sell-offs, indicating underlying technical weakness. Trading volume has increased significantly by 17% to $116 billion, suggesting investors are positioning defensively against potential further declines.

## Ethereum and altcoins plummet along with market leader

Ethereum has suffered a more severe drop, decreasing 6.10% in 24 hours, currently trading at $3,010. The second-largest cryptocurrency by market cap hit a high of $3,230 but was rejected, demonstrating sustained selling pressure in the sector.

Among the major altcoins, Solana (SOL) retreated 3.93% to $127.25, while Ripple (XRP) fell 2.87% to $1.92. Dogecoin (DOGE) remains in a bearish territory around $0.12, and Cardano (ADA) recorded a 2.01% decline to $0.36. Litecoin (LTC), The Open Network (TON), and Polkadot (DOT) also experienced substantial setbacks, with TON dropping 2.88% and LTC retreating 2.39%.

## Market capitalization in the red, warning signals for investors

The total cryptocurrency market capitalization has decreased by 1.47%, reflecting overall weak performance. This sustained pressure complicates the position of projects like Husky Inu, which require constant capital flows to reach their funding goals. Investors remain extremely cautious as they evaluate whether the current correction presents an opportunity or the start of a deeper bearish trend.