Dogecoin, Shiba Inu bleed as market braces itself for FTX-like scenario

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Dogecoin, ShibaInu bleed as market braces itself for FTX-like scenario

, a major crypto lender in the market, announced that it will shut down its operations and voluntarily liquidate.

Following this development, Bitcoin [BTC] plunged below the $20,000 mark for the first time in nearly two months. The contagion spread to other cryptocurrencies as well and meme coins were one of the biggest losers.

 

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Assessing how Shiba Inu [SHIB] will present an attractive selling opportunityDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The daily structure has been bearish with the lower timeframe momentum southbound too Further losses for Bitcoin could see SHIB shed value rapidly on the charts Shiba Inu has been bearish on the price […]
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