Here’s Why The Dogecoin And Shiba Inu Prices Are Falling Today | Bitcoin

Dogecoin and Shiba Inu prices are falling today as the year draws to a close, sparking bearish sentiment among investors. This price drop is thanks to the sentiment in the broader crypto market and macroeconomic developments. 

Why The Dogecoin And Shiba Inu Prices Are Falling Today

CoinMarketCap data shows that the Dogecoin and Shiba Inu prices have dropped over 2% and 4%, respectively, today. This price drop can be attributed to the tepid Bitcoin price action and macroeconomic factors. Dogecoin and Shiba Inu are known to share a strong positive price correlation with Bitcoin. 

As such, the Dogecoin and Shiba Inu prices tend to decline whenever there is a bearish sentiment around the Bitcoin price. Legendary analyst Peter Brandt predicted that Bitcoin could crash to as low as $78,000. Crypto analyst Rekt Capital also suggested that the flagship crypto could drop to as low…more

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