Cryptocurrency5 Jun 2026SEO 801 min read

Analysis: Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000

Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across cryp…

Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets. Dogecoin and Shiba Inu each fell about 9 percent as bitcoin slid toward $60,000, with selling heaviest in the most speculative parts of the crypto market. Both tokens broke key support levels and saw their largest trading volumes on breakdowns rather than rebounds, signaling that sellers remain firmly in control. Technical sig…

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