{"id":630893,"date":"2024-07-22T12:30:37","date_gmt":"2024-07-22T12:30:37","guid":{"rendered":"https:\/\/wncen.com\/?p=630893"},"modified":"2024-07-22T11:07:37","modified_gmt":"2024-07-22T11:07:37","slug":"bitcoin-price-shiba-inu-dogecoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-price-shiba-inu-dogecoin\/","title":{"rendered":"Here\u2019s Why The Bitcoin Price Crashed Below $66,000, Taking Shiba Inu And Dogecoin With It"},"content":{"rendered":"<p class=\"p2\">On Sunday, the Bitcoin price saw a sudden crash that sent the likes of <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-vs-shiba-inu-vs-pepe\/\">Dogecoin and Shiba Inu<\/a> spiraling alongside it. This crash saw $2,000 <a href=\"https:\/\/wncen.com\/news\/bitcoin\/analyst-reveals-condition-for-bitcoin-to-reach-71000-details\/\">wiped off the Bitcoin price<\/a> in mere minutes, bringing it back down below $66,000. While this decline did not last at the time, there were a few factors behind it, which inflicted worry in crypto investors across the space.<\/p>\n<h2 class=\"p2\">Why Did The Bitcoin Price Fall?<\/h2>\n<p class=\"p2\">The Bitcoin price crash below $66,000 had one major factor behind it and that was the <a href=\"https:\/\/wncen.com\/news\/joe-biden-says-he-holds-no-bitcoin\/\">US President Joe Biden<\/a>. For months now, the war between President Joe Biden and former US President Donald Trump had raged on, with the two being the leading candidates for the position.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/cboe-spot-ethereum-etfs-launch\/\">CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date<\/a><\/div>\n<p class=\"p2\">However, on Sunday, President Joe Biden made a shocking revelation, announcing that he was officially stepping down from the presidential race. In the announcement on X (formerly Twitter), which has so far garnered over 330 million views, Biden said that he was going to prioritize his duties as a president for the remainder of his current 4-year term, rejecting the Democratic Party nomination.<\/p>\n<p class=\"p2\">In the same announcement, President Biden offered his support to <a href=\"https:\/\/wncen.com\/news\/kamala-horris-kama-surges-1600-amid-speculation-of-biden-exiting-presidential-race\/\">Vice President Kamala Harris<\/a>, to take on the presidential ticket for the Democratic Party. He also urged the party supporters to come together and beat Donald Trump, who is the strongest opponent so far.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"zxx\"><a href=\"https:\/\/t.co\/RMIRvlSOYw\" rel=\"nofollow\">pic.twitter.com\/RMIRvlSOYw<\/a><\/p>\n<p>\u2014 Joe Biden (@JoeBiden) <a href=\"https:\/\/twitter.com\/JoeBiden\/status\/81190320?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 21, 2024<\/a><\/p><\/blockquote>\n<p class=\"p2\">Following the announcement, the crypto market responded quickly, with the Bitcoin price plunging sharply. At the same time, coins like Dogecoin and Shiba Inu followed suit, dropping around 3% each in response to the announcement.<\/p>\n<h2 class=\"p2\">Dogecoin, Shiba Inu Refuse To Stay Down<\/h2>\n<p class=\"p2\">Just like the plunge in price, the Bitcoin recovery was just as swift, rising to new monthly highs. The <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-regains-68k\/\">price eventually crossed $68,000<\/a> on Sunday, taking the crypto market with it. In response, <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-profitability-shiba-inu\/\">Dogecoin and Shiba Inu<\/a> followed, notching notable gains from their lows.<\/p>\n<p class=\"p2\">For Dogecoin, the price rose back above $0.14 after falling below $0.128. This saw its overall daily gains at the time shoot up above 4%, with its daily trading volume also seeing a significant climb above $20 billion in one day.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/solana-leads-crypto-rally-as-expectations-for-a-break-above-200-grow\/\">Solana Leads Crypto Rally As Expectations For A Break Above $200 Grow<\/a><\/div>\n<p class=\"p2\">In the same vein, <a href=\"https:\/\/wncen.com\/altcoin\/burns-shiba-inu-lunc-price\/\">the Shiba Inu price<\/a> also rose from its lows of $0.0000173 to rise above $0.0000184. However, unlike Dogecoin, the Shiba Inu daily trading volume remains muted, with around $383 million at the time.<\/p>\n<p class=\"p2\">As for <a href=\"https:\/\/wncen.com\/news\/bitcoin\/here-are-5-reasons-to-be-bullish-on-bitcoin-analyst-says\/\">the Bitcoin price<\/a>, it continues to lead market bullishness, still holding the $67,000 support following the recovery. This translates to an approximately 12% increase in the crypto\u2019s price in the last seven days.<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/bEJ0oNi4\/\" alt=\"Bitcoin price chart from Tradingview.com (Dogecoin Shiba Inu)\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">BTC price struggles to maintain uptrend | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Sunday, the Bitcoin price saw a sudden crash that sent the likes of Dogecoin and Shiba Inu spiraling alongside it. This crash saw $2,000 wiped off the Bitcoin price in mere minutes, bringing it back down below $66,000. While this decline did not last at the time, there were a few factors behind it, which inflicted worry in crypto investors across the space. Why Did The Bitcoin Price Fall? The Bitcoin price crash below $66,000 had one major factor behind it and that was the US President Joe Biden. For months now, the war between President Joe Biden and former US President Donald Trump had raged on, with the two being the leading candidates for the position. Related Reading: CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date However, on Sunday, President Joe Biden made a shocking revelation, announcing that he was officially stepping down from the presidential race. In the announcement on X (formerly Twitter), which has so far garnered over 330 million views, Biden said that he was going to prioritize his duties as a president for the remainder of his current 4-year term, rejecting the Democratic Party nomination. In the same announcement, President Biden offered his support to Vice President Kamala Harris, to take on the presidential ticket for the Democratic Party. He also urged the party supporters to come together and beat Donald Trump, who is the strongest opponent so far. pic.twitter.com\/RMIRvlSOYw \u2014 Joe Biden (@JoeBiden) July 21, 2024 Following the announcement, the crypto market responded quickly, with the Bitcoin price plunging sharply. At the same time, coins like Dogecoin and Shiba Inu followed suit, dropping around 3% each in response to the announcement. Dogecoin, Shiba Inu Refuse To Stay Down Just like the plunge in price, the Bitcoin recovery was just as swift, rising to new monthly highs. The price eventually crossed $68,000 on Sunday, taking the crypto market with it. In response, Dogecoin and Shiba Inu followed, notching notable gains from their lows. For Dogecoin, the price rose back above $0.14 after falling below $0.128. This saw its overall daily gains at the time shoot up above 4%, with its daily trading volume also seeing a significant climb above $20 billion in one day. Related Reading: Solana Leads Crypto Rally As Expectations For A Break Above $200 Grow In the same vein, the Shiba Inu price also rose from its lows of $0.0000173 to rise above $0.0000184. However, unlike Dogecoin, the Shiba Inu daily trading volume remains muted, with around $383 million at the time. As for the Bitcoin price, it continues to lead market bullishness, still holding the $67,000 support following the recovery. This translates to an approximately 12% increase in the crypto\u2019s price in the last seven days. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790,1785,89174,85675,7,1803,1804,79599,79600,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-630893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Here\u2019s Why The 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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