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Bitcoin $103,953.51 +0.67%
Ethereum $3,295.51 -3.88%
BNB $702.71 -2.66%
Optimism $1.82 -5.48%
Arbitrum $0.77 -4.29%
Solana $242.24 +10.51%
Polygon $0.48 -5.38%
Cosmos $6.63 -3.48%
Avalanche $39.09 -4.58%

Shiba Inu Retests 2021 Lows Amidst Heavy Macro Headwinds and Selling Pressure

June 15 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. SHIB has retested 2021 lows, but short-term selling pressure has eased. Meme-coins like SHIB and PEPE have lost their allure due to macro headwinds in Q2.

The recent Binance lawsuit has caused investors to seek refuge in stablecoins, Bitcoin, and Ethereum, resulting in more selling pressure for meme coins. The future direction of SHIB's value will depend on the Fed's stance on rate hikes.

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Shiba Inu Retests 2021 Lows Amidst Heavy Macro Headwinds and Selling Pressure

All Comments

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Crypto ‘godfather’ and LA cop plead guilty to tax, civil rights violations

Binance Futures will launch U-based and Coin-based quarterly 0627 delivery contracts

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XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

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SHIB to change leadership and hand over project control to the community by year end

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