Affected by the overall sell-off in the cryptocurrency market, Shiba Inu (SHIB) dropped nearly 2%, to around $0.0000058, breaking below the key $0.000006 level and the 50-day moving average. Within 24 hours, over $268 million in positions were liquidated, with long positions accounting for approximately 85%. The decline is attributed to rising U.S. Treasury yields and a strengthening dollar putting pressure on risk assets. SHIB's trading volume also decreased by 16.63%, to $88.77 million.

SHIB-1.24%

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