Global

Shiba Inu (SHIB), a prominent meme cryptocurrency, has faced a challenging week marked by significant price declines. Here are some of the key factors contributing to SHIB's recent downturn:

In a tumultuous 24-hour period, the cryptocurrency market has seen a sharp downturn, sending shockwaves through major digital assets. Bitcoin (BTC) briefly dipped below the crucial $50,000 threshold, while Ethereum (ETH) plummeted to as low as $3,170, according to data from CoinGecko.

Switzerland, renowned for its financial prowess and innovation, is taking decisive steps towards regulating stablecoins, a rapidly expanding segment within the cryptocurrency sphere.

Japan's Nikkei 225 index experienced a dramatic decline of nearly 14% on Monday, reflecting investor anxiety over the state of the US economy. This sharp drop follows a 5.8% decrease on Friday, marking one of the index's most severe two-day losses in history.

Recent days have seen Ripple's XRP weather a substantial downturn, reflecting broader market volatility. The cryptocurrency's price plummeted by 24% over the past week and 17% within a 24-hour period, currently resting at approximately $0.44 according to Coingecko, marking its lowest level in nearly a month.

Saudi Arabia has swiftly emerged as a hub for Web3 innovation, driven by a youthful demographic and robust internet penetration. With 63% of its population under 30 and a strong digital appetite, the country offers fertile ground for digital advancements.

The cryptocurrency market witnessed a notable decline as Dogecoin (DOGE), along with Bitcoin and Ethereum, faced downward pressure in recent trading sessions.

The Australian Federal Police (AFP) have uncovered a widespread crypto fraud operation, revealing that malicious actors compromised over 2,000 Australian crypto wallets to steal millions in digital assets.

The cryptocurrency market witnessed a significant downturn as Bitcoin, the leading digital currency, dropped below the $53,000 mark. This decline reflects broader uncertainties in global financial markets and highlights ongoing volatility in the crypto sector.

Decentralized Finance (DeFi) has emerged as a transformative force in the financial industry, offering unrestricted access to financial services through blockchain technology. At the heart of this revolutionary ecosystem are governance tokens, which empower holders with the authority to participate in decision-making processes within decentralized protocols.

The cryptocurrency market was rocked by controversy as Ethereum co-founder Vitalik Buterin made a strategic move involving the relatively obscure memecoin, Neiro, leading to unforeseen consequences.

The cryptocurrency market faced significant turbulence as it plunged to its lowest levels in over five months, mirroring broader economic anxieties stemming from Japan's stock market turmoil following a recent rate hike by its central bank.