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Expert In



EUR/USD analysis on November 10

Throughout Wednesday's trading session, the value of the first cryptocurrency shows a steady drop. At the time of writing, digital gold is trading near the $ 66,400 mark (-2.33%).

The altcoin market has adopted the trend of the main virtual asset and is also actively declining. Thus, the value of Ethereum sank by 1.58% to $ 4728, and Binance Coin lost 1.49% and is trading at $ 635.

At the moment, the Bitcoin price has rolled back from the record highs updated a day ago by more than 2%. The rapid retreat in value confirms BTC's desire to lock in profits after a new record and catch its breath a little.

Experts say that this trend of the digital coin highlights the uncertainty of market participants in its future, and especially the cautious attitude towards Bitcoin. Moreover, the uncertainty of cryptocurrency buyers in its stability extends to many leading altcoins.

So, the popular Shiba Inu meme coin is still holding on to the $0.000050 level, not reacting to the current positive news for it. According to the latest data, since SHIB reached a record high on October 28, it has lost more than a third of its market price.

As for the positive news, on the eve of the Wealthsimple trading platform included the Shiba Inu cryptocurrency in its ecosystem. In addition, one of the leading American cinema chains, AMC, announced that it plans to accept altcoin for payment services along with Bitcoin and Dogecoin in the near future.

AMC's decision is related to an October poll on Twitter when representatives of the company asked users whether it was worth increasing the list of supported digital currencies. More than 80% of the participants in the virtual survey voted for the idea of adding the SHIB coin to the list.


As for the inclusion of the dog cryptocurrency in the ecosystem of the Wealthsimple trading platform, now the clients of the platform will be able to buy and sell virtual assets, but exclusively on the Wealthsimple network. Previously, SHIB was included in the work of the well-known cryptocurrency exchanges Coinbase and Binance among traders. Thanks to this solution of trading platforms, since that moment the value of the meme coin has increased by more than 100%.

The material has been provided by InstaForex Company -