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Investors withdraw 2.6T SHIB from exchanges after worst quarter; Citi cuts Bitcoin forecast amid AI shift.

Market News
01 Jul 2026
UToday
View Source
Bearish
pluang ai news

Investors moved 2.6 trillion Shiba Inu (SHIB) tokens off exchanges following a 29.5% drop in Q2, signaling a major supply shift ahead of Q3. XRP held its key $1 support level, supported by a rare macro trend and regulatory progress, preserving its bullish outlook. Citigroup lowered its 12-month Bitcoin price target from $112,000 to $82,000 due to institutional capital shifting from crypto to AI, with risks of further declines if ETF outflows continue. The broader crypto market faces pressure from ETF outflows, tighter Fed policies, stalled U.S. crypto legislation, and thin liquidity, making July a cautious period for traders.

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