Shiba Inu, Ripple & Bitcoin — Asian Wrap 19 September

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Shiba Inu price action has been rather tepid over the past couple of weeks. The bearish market conditions have not been very enticing for investors, which has led to a decline in activity. This decline seems to have intensified considerably, bearing good and bad news for SHIB investors.

XRP price has been influenced by external conditions for quite some time now, going back to 2020. The token took its time to gain the status of being “greenlit”, but the New York regulatory body is aiming at changing that with its updated policy.

Bitcoin (BTC) has displayed a rather unusual picture from a broader outlook, with the daily active addresses failing to mirror its price. Santiment data attributes this to increased activity and therefore faith in the asset among large holders, even as the smaller traders give in to the pressure.