The pseudonymous Shiba Inu marketing lead Lucie took to social media, addressing the SHIB army about the current volatility wave observed on the cryptocurrency market. This volatility has caused a bloodbath, pushing Bitcoin 4% down.
SHIB’s “comebacks out of thin air”
After the 9.15% increase reached by the crypto market leader, Bitcoin, over the past week, resulting in a new price all-time high close to $112,000, BTC went down by 3.68% today. That was followed by a 1.57% surge and Bitcoin currently trading at $108,911. These volatility jumps demonstrated by Bitcoin have been pushing the whole market up and down.
The SHIB price crashed by 8.65% during the past 24 hours, falling from $0.00001586 and currently changing hands at $0.00001450.
The Bitcoin price plunge was caused by traders beginning to close their positions as they are now looking for broader bullish signs similar to the trade tariffs break achieved between the U.S. and China recently.
Lucie said in her tweet that many traders and investors are panicking “over tariffs and charts,” alleging that Shiba Inu is resilient enough to see its price breaking out regardless of these market drivers: “SHIB’s the underdog that pulls comebacks out of thin air.”