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59.4 million SHIB tokens were burned, with burn rates fluctuating. Analysts suggest the price may follow Bitcoin's recent trend.
The Fed's decision to end its 2020 inflation policy and tighten interest rates may trigger short-term market volatility. Bitcoin could face turbulence as stocks rally.
Bitcoin retests a broken trendline at $118.5K; a close above could turn bullish, with targets up to $123.2K, while rejection risks targeting $103.3K.
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