Bitcoin, Ethereum & Shiba Inu European Wrap January 6

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Bitcoin (BTC) price and general crypto markets have been highly correlated with stock markets since the COVID-19 crash in March 2020. Since then, macro news has affected Bitcoin, Ethereum and others altcoins, as well as the Non-Farm Payrolls (NFP) Monthly release is one such significant event, with the December release set to be released on January 6 at 13:30 GMT.

Ethereum (ETH) price is going through a downtrend and is about to invalidate it. However, due to current market conditions combined with the release of Nonfarm Payrolls (NFP) on Friday at 13:30 GMT, there is a chance that ETH may correct and retest a stable support level before establishing its direction.

The developers of the Shiba Inu ecosystem have warned the community against other projects claiming the Shibarium layer 2 scaling solution. The developers have assured the SHIB Army that the scaling protocol will use Bone (BONE) from the Shiba Inu ecosystem and scale the dog-themed cryptocurrency, no other projects included.

Sources

1/ https://Google.com/

2/ https://news.google.com/__i/rss/rd/articles/CBMikAFodHRwczovL3d3dy5meHN0cmVldC5jb20vY3J5cHRvY3VycmVuY2llcy9uZXdzL2NyeXB0b2N1cnJlbmNpZXMtcHJpY2UtcHJlZGljdGlvbi1iaXRjb2luLWV0aGVyZXVtLXNoaWJhLWludS1ldXJvcGVhbi13cmFwLTYtamFudWFyeS0yMDIzMDEwNjE1MjTSAZQBaHR0cHM6Ly93d3cuZnhzdHJlZXQuY29tL2FtcC9jcnlwdG9jdXJyZW5jaWVzL25ld3MvY3J5cHRvY3VycmVuY2llcy1wcmljZS1wcmVkaWN0aW9uLWJpdGNvaW4tZXRoZXJldW0tc2hpYmEtaW51LWV1cm9wZWFuLXdyYXAtNi1qYW51YXJ5LTIwMjMwMTA2MTUyNA?oc=5

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