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Ananna Chowdhury Tuli
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The petition to have Grayscale Investments launch an ETF product for Shiba Inu (SHIB) is gaining momentum. In just weeks, the proposal has received 5,761 signatures. The Shiba Inu community has continued to# show resilience in its quest to have a top#pepe asset manager like Grayscale Investments launch an ETF product for SHIB. Shiba Inu ETF Petition Gains Momentum Recall that the community raised a petition #pepe directed at Grayscale in February, urging the asset manager to launch an ETF specifically for Shiba Inu. The petition titled “Proposal for a Shiba Inu (SHIB) ETF by Grayscale Investments” was introduced on February 25 by SHIB BPP. Expectedly, it has continued to gain momentum, with several Shiba Inu community members voting to support the initiative. #SHIBA🔥 #SHIB/𝗨𝗦𝗗𝗧 #SHIBA✅🚀
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whats your opinion about shib? bullish or bewarish? m
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The crypto market witnessed a broader selloff on Friday, causing the global crypto market cap to fall almost 4% to $1.61 trillion. The Friday’s expiry wreaks havoc on traders and investors, with nearly $250 million liquidated over the last 24 hours. The Crypto Fear & Greed Index slips from 63 (greed) to 56 (neutral). Bitcoin price plunges within hours from $42,720 to a low of $40,631, extending the 24-hour fall to almost 4%. Top altcoins Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and others also witnessed a 3-7% drop within hours. LUNC price tumbled 9% in the past 24 hours after the recent proposals failed, with the price currently trading at $0.000113.
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Bitcoin (BTC) Price Analysis: Technical Holding Pattern Continues – 19 January 2024 Bitcoin (BTC/USD) extended its recent sideways trading activity early in the Asian session as the pair was unable to test significant technical levels following recent selling pressure around the 43569.23 level. The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021. Trading activity has orbited the 42715.80 area for several trading sessions, a downside price objective related to recent selling pressure around the 49102.29 and 46368.67 areas. After BTC/USD recently depreciated and tested a downside price objective around the 41208.59 area, buying pressure emerged around the 42495 area, a test of a recent upside #TrendingTopic #BTC-ETF.
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The price of bitcoin has surged in 2023 as investors await approval for the first U.S. spot bitcoin exchange-traded fund, which would be a milestone for cryptocurrency investors, experts say. In early December, the digital currency topped $44,000 for the first time since April 2022, and year-to-date gains were above 160%, as of Dec. 21, mostly fueled by optimism for a spot bitcoin ETF.
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