Shiba Inu has been defying the bearish trend as of late, and it appears that the increased adoption of the Shibarium Layer 2 network has played a significant role in this bullish return. However, it is the large holders of Shiba Inu who are taking the spotlight this time around. These whales have seen a
Bitcoin
Bitcoin’s price has once again experienced a significant drop, plunging to the $40,000 support zone. While there has been a modest recovery, with BTC attempting to increase its value, it still needs to surpass the $42,350 mark in order to enter a positive zone. It is crucial for Bitcoin to gain momentum and overcome this
The crypto market has showcased its resilience in recent times, outperforming traditional assets like equities. This can be attributed to a significant repricing in monetary policy expectations and short futures liquidations at the beginning of last week. However, the short-term outperformance encountered limitations due to stronger-than-expected US jobs data, leading to a reversal in US