Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets Bitcoin fell below $54,000 on September 6, 2024, following a disappointing US nonfarm payrolls report. This led to volatility in the crypto market, with Bitcoin losing roughly 4% in 24 hours and trading at $54,101. Other major altcoins, such as ether, XRP, and DOGE, … Read more
Shiba Inu Burn Rate Spikes 1,088% In One Day, But It’s Not All Good News The Shiba Inu burn rate has increased by 1,088.66% in the past 24 hours due to a single transaction burning 98,136 SHIB tokens, equivalent to $1.34 in value. Despite this spike, the overall burn rate has declined over the week, … Read more
Shiba Inu (SHIB) has surged above $0.00001 due to factors like an increased burn rate, a petition for a Shiba Inu ETF, and rising interest from investors. The burn rate has spiked significantly, leading to a bullish sentiment in the ecosystem. The possibility of an ETF launch has also boosted SHIB’s momentum, similar to how … Read more
Bitcoin experienced a sudden drop to $27,000 following the release of US employment data, which showed stronger-than-expected job growth. This was seen as negative for risk assets, including cryptocurrencies. However, Bitcoin quickly rebounded and the focus shifted back to the $27,700 level. The data raised the likelihood of a potential interest rate hike by the … Read more
