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Messages - lacihuxley222

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A busy week lies ahead on the United States economic calendar and a key Federal Reserve interest rate decision could rattle crypto markets.

All eyes are on Wednesday, June 12, which is the date of the U.S. central bank’s policy decision on interest rates.

However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May.

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Bitcoin may have ended the week with a retreat below $70,000 but analysts are eyeing a new all-time high in the not-too-distant future.

“It is only a matter of time until Bitcoin makes a new all-time high,” said 10x Research CEO Markus Thielen in a note on June 7.

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Data shows that the Shiba Inu price has closely followed Bitcoin price movements more than any other asset, with SHIB and BTC boasting the highest price correlation matrix over the last 30 days.

Shiba Inu (SHIB) has been a beneficiary and victim of broader market trends depending on their direction. When the market records an uptrend, Shiba Inu typically records price upswings. However, during a market downtrend, SHIB witnesses substantial declines.

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