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SHIB, Bitcoin & Crypto – European Wrap 22 June

SHIB, Bitcoin & Crypto – European Wrap 22 June

Shiba Inu (SHIB), the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021. Is SHIB simply another fading meme coin, or is the market overlooking a possible recovery story? 

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Bitcoin (BTC) trades around $64,000 at the time of writing on Monday after declining nearly 4% in the previous week. BTC investors remain cautious despite signs of progress in the first round of US-Iran peace talks in Switzerland. Institutional demand continues to weaken, with spot Exchange Traded Funds (ETFs) recording the sixth consecutive week of outflows, extending…

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