Global #bearish trend

Ethereum's price is showing signs of a rebound from the $2,865 support level, aiming to recover further if it surpasses the $2,960 resistance area.

The price of Bitcoin continued its decline, dipping below the $62,500 threshold. BTC exhibits signs of a bearish trend and could potentially shift to a bear market if it stabilizes below $60,000.

This suggests that the market is in a very bearish trend. In addition, SHIB's market capitalization has decreased by 12% to $12.7 billion, with $1.9 million worth of trading activity every day. According to Shibburn, Shiba Inu's token burn rate has increased dramatically during the last day, leaping by an astounding 25,035.22%.