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The Shiba Inu (SHIB) price is gearing up for the first real test of the year as US GDP numbers come out later on Thursday. From a technical point of view, the price action on the screen does not really paint a rosy picture. Expect more downward pressure with $0.00001000 as the best support level before re-entering the SHIB trade on the long side.
Cryptocurrencies have enjoyed renewed optimism among investors since the start of 2023. Bitcoin (BTC) and Ethereum (ETH) did their part in the initial run, but now earnings for these major coins appear to be shifting to other coins, causing rallies in several altcoins that easily double in value. While this period offers a great opportunity to build portfolios, investors should be careful as markets could quickly turn bearish if BTC drops.
The total volume of Bitcoin options on Deribit has reached its highest level since the collapse of the FTX exchange. Deribit is one of the largest cryptocurrency options exchanges in the world, therefore, surging options volume signals a bullish shift in investor sentiment.
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMikQFodHRwczovL3d3dy5meHN0cmVldC5jb20vY3J5cHRvY3VycmVuY2llcy9uZXdzL2NyeXB0b2N1cnJlbmNpZXMtcHJpY2UtcHJlZGljdGlvbi1zaGliYS1pbnUtY290aS1hbmQtYml0Y29pbi1ldXJvcGVhbi13cmFwLTI2LWphbnVhcnktMjAyMzAxMjYxMjQ20gGVAWh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9hbXAvY3J5cHRvY3VycmVuY2llcy9uZXdzL2NyeXB0b2N1cnJlbmNpZXMtcHJpY2UtcHJlZGljdGlvbi1zaGliYS1pbnUtY290aS1hbmQtYml0Y29pbi1ldXJvcGVhbi13cmFwLTI2LWphbnVhcnktMjAyMzAxMjYxMjQ2?oc=5 The mention sources can contact us to remove/changing this article |
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