Why Is The Dogecoin And Shiba Inu Price Spiraling Today?

Quick Summary:

Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins.

This price decline is due to several factors, including developments in the broader crypto market.

Arthur Hayes, the Co-Founder of BitMEX, also mentioned in an X (formerly Twitter) post that Bitcoin is “heavy” and revealed that he believes that the flagship crypto could drop below $50,000 this weekend.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Dogecoin SHIBUSDT Doge DOGE news Dogeusd Shib Shiba Inu price SHIB news Dogecoin price Doge price Dogecoin news Shiba Inu news Dogeusdt Dogecoin SHIB price SHIBUSD Shiba Inu

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 02:30:42 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22395524

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 23 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #105

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