Shiba

Bitcoin ETF

Bitcoin

Shiba Inu

<div class="watcher-guru">
 <p>The cryptocurrency market was in the red on Friday as Bitcoin dipped below the $42,000 mark. Bitcoin is now hovering around $41,300 and could slip below $40,000 if the downturn continues throughout the weekend. The Bitcoin ETF pushed the cryptocurrency market up for a week and is now heading south in the charts. The BTC ETF news acted as a ‘sell the news’ kind of phenomenon as it’s doing little to push Bitcoin’s price up anymore. The cryptocurrency market downturn is also affecting other leading coins like Ethereum, and Shiba Inu among others.</p>
 <p><strong>Also Read: Shiba Inu [SHIB] Forecasted To Rise 400%: Here’s When</strong></p>
 <h2 class="wp-block-heading" id="h-cryptocurrency-market-will-bitcoin-btc-ethereum-eth-and-shiba-inu-shib-rise-again">Cryptocurrency Market: Will Bitcoin (BTC), Ethereum (ETH), and Shiba Inu (SHIB) Rise Again?</h2>
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  <noscript><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp" alt="Nasdaq 100 Index Bitcoin Shiba Inu BTC SHIB Cryptocurrency" class="wp-image-82352" srcset="https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 1024w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 300w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 768w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 1536w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 380w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 550w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 800w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 1160w, https://cdn.thebittimes.com/images/2024/01/19/abde2aa1dab79a0f58214d5af67a29ff.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Background Image Source: REUTERS/Jeenah Moon
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 <p>Bitcoin is dipping in the charts as the US stock market traded in the red this whole week. The strengthening of the US dollar made the stock market dip leading to top companies printing losses in the charts. The effect also hit the commodity markets as gold and oil prices dipped more than 2%. The Red Sea trade disruption also added to the woes and the cocktail was a recipe for disaster for the broader market, including cryptocurrencies.</p>
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 <p><strong>Also Read: Shiba Inu: Here’s When SHIB Can Rally 100% From Current Price</strong></p>
 <p>BTC trades in tandem with the US stock market, and <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, and SHIB move according to Bitcoin’s price. The trio are mostly interlinked and cannot rally without the support of each other. The development puts BTC, <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, and SHIB in a spot where climbing up in the indices becomes a challenge.</p>
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 <p>Investors are advised to remain cautious as the US stock market might be headed for a downturn this year in 2024. Even JP Morgan CEO Jamie Dimon warned that the US markets could crash and lead to a recession.</p>
 <p><strong>Also Read: Robinhood Buys 230 Billion Shiba Inu in Less Than 24 Hours</strong></p>
 <p>The move will affect the cryptocurrency market and Bitcoin, Ethereum, and Shiba Inu could begin to bleed in the charts. In conclusion, the cryptocurrency market could turn red if the worst-case scenario plays out making BTC, <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, and SHIB dip.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>ETH</li>
  <li>ethereum</li>
  <li>shib</li>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cryptocurrency-what-next-for-bitcoin-ethereum-shiba-inu-tbt77063.html">https://thebittimes.com/cryptocurrency-what-next-for-bitcoin-ethereum-shiba-inu-tbt77063.html</a></p>

Cryptocurrency: What Next For Bitcoin, Ethereum, & Shiba Inu?

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TheBitTimes

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