Why Shiba Inu (SHIB) Is Moving
Portfolio Pulse from Henry Khederian
Shiba Inu (CRYPTO: SHIB) is trading lower by 2.7% amid volatility in the cryptocurrency market. The market is currently influenced by growing optimism about the approval of a Bitcoin ETF. Major financial firms are adjusting their ETF applications, and experts believe the SEC may approve a spot Bitcoin ETF soon. The approval or delay of this could significantly impact the price of cryptocurrencies, including Shiba Inu.
November 09, 2023 | 7:38 pm
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Shiba Inu's price is currently influenced by the potential approval of a Bitcoin ETF. The approval or delay of this could significantly impact the price of Shiba Inu.
The price of Shiba Inu is currently being influenced by the potential approval of a Bitcoin ETF. If the ETF is approved, it could lead to increased speculative trading and potentially boost the price of Shiba Inu. However, if the approval is delayed, it could lead to market disappointment and a subsequent price drop for Shiba Inu.
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