What's Going On With Shiba Inu (SHIB)
Portfolio Pulse from Henry Khederian
Shiba Inu (CRYPTO: SHIB) is trading lower by 3.14% amid overall weakness in cryptocurrencies. The altcoin may be trading lower in sympathy with the broader U.S. market following better-than-expected US jobs data, which could raise concerns over further rate hikes. Higher interest rates increase the opportunity cost of holding altcoins like Shiba Inu, which can negatively impact its price and liquidity.

July 06, 2023 | 7:12 pm
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Shiba Inu is trading lower due to overall weakness in cryptocurrencies and potential rate hikes following better-than-expected US jobs data.
The overall weakness in cryptocurrencies and the potential for further rate hikes following better-than-expected US jobs data are negatively impacting Shiba Inu's price and liquidity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100