Bitcoin News: DOGE and SHIB Witness a Slip After ECB Rate Hike
Dogecoin and Shiba Inu experienced a drop of up to 5% due to the European Central Bank’s (ECB) decision to raise rates by 50 basis points. This move could potentially prompt the Federal Reserve to increase rates as well, despite the recent banking crisis. Dogecoin fell to an intraday low of $0.06814, which is below the $0.07000 mark and Shiba Inu dropped to $0.00001024, close to a long-term support point at $0.00001020. However, the RSI for both coins showed some positive signs of recovery. It is unclear if the Federal Reserve will increase rates and if so, by how much. Eliman Dambell, who is a startup founder and online trading educator, commented on various asset classes, including crypto, stocks and FX. This article is for informational purposes only and Bitcoin.com does not provide investment, tax, legal or accounting advice.
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