Shiba Inu Short Death Cross Confirmed, 10% Drop Recorded in Days
The post Shiba Inu Short Death Cross Confirmed, 10% Drop Recorded in Days appeared on BitcoinEthereumNews.com. Shiba Inu erased gains from the past week as major cryptocurrencies recorded declines that pushed prices lower. At the time of writing, SHIB was recording 10% losses on a weekly basis. The last two days saw sharp selling for Shiba Inu alongside the broader crypto market. A selloff in riskier assets swept through cryptocurrency markets as concerns over inflation rattled jittery investors. The crypto declines came in tandem with drops in stock and bond markets. Shiba Inu has declined since reaching a high of $0.00000668 on May 11, marking four out of five days of losses since this day. Peter Brandt Warns Solana Could Crash Is Hyperliquid Worth All the Recent Hype? SHIB/USD Weekly Chart, Image By TradingView The selling intensified towards the weekend as back-to-back hot CPI and PPI prints earlier in the week contributed to traders betting that the Federal Reserve might hike inte