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Dogecoin and Shiba Inu drop 9% as Bitcoin nears $60,000, signaling broader crypto selloff.

Market News
05 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Dogecoin and Shiba Inu each fell about 9% amid Bitcoin's slide toward the $60,000 mark, with heavy selling in speculative crypto sectors. Both tokens broke key support levels and saw their largest trading volumes during price declines, indicating strong seller control. Technical analysis suggests further downside unless buyers reclaim previous support levels now acting as resistance. This reflects a broader risk-off sentiment in the crypto market, with traders favoring defensive positions amid uncertainty.

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