Cryptocurrency Market Review: Shiba Inu (SHIB) Won't Drop to $0, Bitcoin Falls Below $70,000 for the First Time in History, Can Ethereum (ETH) Recover $2,000?
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According to Bijie Network, amid intense market volatility, bitcoin price plunged below $70,000, erasing months of consolidation and triggering billions of dollars in liquidations due to macro risk aversion and leveraged positions being closed. In contrast, Shiba Inu (SHIB) demonstrated relative resilience, maintaining its key support level after previous sell-offs curbed excessive speculation. Meanwhile, Ethereum (ETH) is facing significant pressure near the $2,000 support area, and whether it can hold this level is crucial for its mid-term trend amid overall weakness in the cryptocurrency market.
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