The cryptocurrency $SHIB has declined by 5% even as a token burn was implemented, while $BTC has fallen below its 200-day moving average. The recent drop in $SHIB’s value coincides with the ongoing volatility in the cryptocurrency market. Despite efforts to reduce supply through token burns, these measures have not been sufficient to stabilize or increase the token’s price. Meanwhile, $BTC’s decline below the 200-day average indicates a bearish trend, raising concerns among investors regarding future performance. Market analysts continue to monitor the situation closely to assess the implications for both $SHIB and $BTC investors.
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