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 does not provide investment, tax, legal or accounting advice.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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