Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Baidu Cuts Jobs as AI Competition and Ad Revenue Slump Intensify 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks 
U.S. Backs Bayer in Supreme Court Battle Over Roundup Cancer Lawsuits 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
FxWirePro- Major Crypto levels and bias summary 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Shiba Inu’s burn rate skyrocketed by 1,009%, eliminating 11.9 million tokens in the last 24 hours. The SHIB price is now testing the critical $0.000014 mark as bulls seek to break through key resistance in a rapidly recovering crypto market.
SHIB Burn Rate Explodes by 1,009%
Shiba Inu (SHIB) has seen its burn rate increase dramatically, increasing by a whopping 1,009% along with the token's price.
A total of 11,899,510 SHIB tokens have been burned in the past 24 hours, marking a rise of 1,009.27%, as reported by the Shibburn. The burn rate rise couldn't have come at a better time, given the recent uptick in the value of Shiba Inu.
Shiba Inu Reflects Bitcoin-Led Market Recovery
As Bitcoin and the cryptocurrency market as a whole continued their earlier recovery, Shiba Inu hit the $0.000014 milestone in weekend trade.
Bitcoin's price reached a new all-time high of $60,770 on Friday, its highest level since early September, as investors hoped for a massive rate announcement at the Federal Reserve's next meeting.
The price of SHIB increased 1% to $0.0000137 in the past 24 hours and 6% in the past week, as reported by U.Today. After falling to a low of $0.00001231 on September 6, Shiba Inu began to rise and has been in the green for six days running up until it encountered resistance near $0.000014.
The bulls have been holding firm for the previous day, but the buyers are currently attempting to push Shiba Inu over the daily SMA 50 at $0.000014.
Bulls Push SHIB Toward Key Resistance at $0.000016
Keep an eye out for a clear breakout over the important resistance at the daily SMA 50, which is $0.000014, if you're looking for an upside. Buyers need to break over this barrier before SHIB can acquire momentum and rocket to $0.000016.
This level is expected to be crossed, even if the bears attempt to obstruct the upward trend. After this is done, Shiba Inus can try to break through the $0.00003 level and go for the $0.000021 level at the daily SMA 200.
The bears, in contrast, may try to bolster their position by pushing SHIB prices lower than the $0.000013 support level. If they are successful, it will signal that the bears have returned. Next, SHIB might hit $0.000011, and after that, $0.000010.
