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Why Is The Shiba Inu Price Crashing Today? Newsbtc 05 8月 2024

Why Is The Shiba Inu Price Crashing Today? 📉

Shiba Inu's price dip is following Bitcoin's downward trend, with the latter's fall below $50,000 initiating a market-wide crash. Pro trader Adam Khoo cites the Japanese stock market's significant decline as a major factor, exacerbated by traders who borrowed Yen at low interest rates and now face losses due to rising rates. Additionally, geopolitical issues and uncertainty in the US presidential elections contribute to the market's downturn. Despite the panic, some see this as an opportunity to buy undervalued assets.

来源: www.newsbtc.com ↗

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