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Shiba Inu price continued its lackluster streak of red candlesticks followed by minimal recovery as the altcoin witnessed virtually no change on May 2. While the on-chain conditions of the meme coin scream bearish at the moment, SHIB whales' actions suggest the contrary.

The banking crisis that first hit the United States of America in Q1 this year is seemingly beginning to take shape again. The last time this happened, Bitcoin price had a good time, and by the looks of it, the conditions are certainly pointing towards a similar outcome this time around.

A former Enforcement Division lawyer of the Securities and Exchange Commission (SEC), John Reed Stark, said that the future of Binance may be at risk, citing several red flags around the cryptocurrency exchange.

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Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & Binance Coin Asian Wrap 03 May - FXStreet