Shiba Inu (SHIB) price hovers around $0.000024 on Wednesday after rejection from the weekly resistance level earlier this week.
Shiba Inu Price Forecast: Faces a pullback amid profit-taking after testing resistance level Shiba Inu price hovers around $0.000024 on Wednesday after rejection from the weekly resistance level earlier this week. On-chain data supports a bearish outlook as SHIB holders realize profits from recent gains and raise the selling pressure, suggesting a further down leg for the memecoin price.
Trump plans to make CFTC lead crypto regulator President-elect Donald Trump’s administration is reportedly considering granting the Commodity Futures Trading Commission greater authority over the cryptocurrency market, specifically Bitcoin and Ethereum. This plan would reduce the Securities and Exchange Commission’s role in regulating digital assets and shift primary oversight to the CFTC, which is traditionally focused on commodities and derivatives.
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