"Shiba Inu's Rollercoaster Ride: From Meme Coin Frenzy to Forbes' Top 10 Crypto Pick"

TL;DR
Dogecoin and Shiba Inu saw a decline in gains after a 25% rally last week, while Bitcoin remained above the $71,500 mark. XRP led the gains among major tokens, rising 10% in the past 24 hours. The CoinDesk 20 index rose 0.73%, and spot bitcoin ETFs crossed the $10 billion inflow mark for the first time since going live in January. Market observers warn of a potential sell-side liquidity crisis if spot bitcoin ETF inflows continue at the current rate. Additionally, the bitcoin options market showed a bullish sign for traders, but caution was expressed due to elevated funding rates and volatility.
Topics:businesscryptocurrency-market-update#bitcoin#cryptocurrency-market-update#dogecoin#ethereum#shiba-inu#xrp
- DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains 'Elevated' CoinDesk
- Shiba Inu Official Forecasts SHIB To Hit $0.01 Watcher Guru
- Early SHIB Whale Sells $10.6 Million in Top Meme Crypto – Is Meme Coin Season Dying Out? U.Today
- Forbes Top 10 Cryptos to Invest In: Shiba Inu Makes the Cut! Coinpedia Fintech News
- Shiba Inu Is Already Up 220% in 2024, Crushing Bitcoin. Is It Too Late to Buy? The Motley Fool
Want the full story? Read the original reporting
Read on CoinDesk