Shiba Inu (SHIB) trading volume rose 76.28% over 24 hours to $56.11 million, according to CoinMarketCap. Over the same period, crypto liquidations reached $1.145 billion, including $1.03 billion in long positions. Most of the top 100 cryptocurrencies declined by 1.5% to 13%, while SHIB fell 1.54% to $0.00000438. Inflation data due on Tuesday and prospects of higher interest rates are adding pressure on risk assets, including cryptocurrencies.
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