Why Dogecoin Spin-Off Shiba Inu Is Nosediving Today

Shares of several popular altcoins, including Shiba Inu (CRYPTO: SHIB), are trading lower again Wednesday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethereum (CRYPTO: ETH).

The broader cryptocurrency sector was highly volatile throughout Wednesday’s trading session following the April CPI report, which showed worse-than-expected inflation.

The headline CPI rose 8.3% …

Full story available on Benzinga.com

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