The ongoing U.S. government shutdown has introduced uncertainty into the cryptocurrency market, particularly affecting Shiba Inu (SHIB). The closure of the Bureau of Labor Statistics has delayed crucial economic reports on jobs and inflation, leaving traders without key data to assess risk sentiment. Currently, SHIB is trading at approximately $0.00001261, with resistance at $0.00001280 and support at $0.00001200. Prolonged government inactivity could heighten recession fears, potentially exerting downward pressure on SHIB's price.
U.S. Government Shutdown Fuels Shiba Inu Price Uncertainty
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.