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Crypto

Shiba Inu's Price Plunge Not a Fresh Collapse, But Broader Altcoin Weakness

Guavy AI Editorial Team
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BTC SHIB
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Shiba Inu (SHIB) has been experiencing a rough week, with its price falling by around 0.65% in the last 24 hours and 8% over the past seven days.

This decline is not due to any specific issue within SHIB itself, but rather a broader trend away from high-risk cryptocurrencies.

The Altcoin Season Index on CoinMarketCap has dropped by almost 2.7% in just one day, indicating that funds have been leaving altcoins.

Meanwhile, Bitcoin dominance remains at around 59%, and crypto trading volumes have decreased by nearly 38%

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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