What's Going On With Shiba Inu (SHIB)
Portfolio Pulse from Henry Khederian
Shiba Inu (CRYPTO: SHIB) is trading lower by 1.6% due to a shift in investor risk perception following a lighter-than-expected June inflation report. Lower inflation may create doubts about the long-term stability and adoption of cryptocurrencies, further impacting the price of Shiba Inu.
July 12, 2023 | 7:44 pm
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NEGATIVE IMPACT
Shiba Inu (CRYPTO: SHIB) is trading lower due to a shift in investor risk perception following a lighter-than-expected June inflation report.
The lower than expected inflation report has led investors to perceive reduced risks and allocate their funds towards less volatile assets. This shift in risk perception can lead to reduced demand for Shiba Inu, affecting its price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100