Crucial Crypto Market Statement Published by SHIB Team: Details

The pseudonymous SHIB marketing lead, known to the community as Lucie, has addressed the SHIB army with an important message about the current state of the cryptocurrency market.

She stressed that despite turmoil and fear, the community is now going through a unique period full of hidden opportunities.

“Markets in meltdown. Fear everywhere”

Lucie published an animated SHIB-themed GIF generated by AI, which features the symbols of all four official tokens of Shibarium and the Shiba Inu ecosystem: SHIB, BONE, LEASH, and TREAT. The latter, TREAT, is to power the layer-3 solution Shiba Alpha Layer built on top of Shibarium, which is currently in a beta testing mode.

In her statement, Lucie said that currently the markets are melting down, and the crypto space is filled with fear: “Markets in meltdown. Fear everywhere.” Still, she gave the SHIB army some encouragement, saying that SHIB intends to return to the top list of cryptos “stronger, louder, unstoppable.” Overall, she said, that during such difficult times as the community is experiencing now strong and powerful projects are created: “that’s when legends are built.”

Shiba Inu has not broken, she assured the SHIB army: “We don’t break. We reload.”

Fed Reserve leaves rates unchanged

On June 18, a scheduled FOMC meeting took place and the Fed Reserve chairman, Jerome Powell, announced that the US central banks would leave the interest rates unchanged this time.

Some financiers expected that turn of events. Among them was macroeconomist Dr. Komal Sri-Kumar, who stated at CNBC yesterday that cutting interest rates would be “irresponsible” now because nobody can predict the potential effect of trade tariffs on the US economy.

However, venture investor and financial entrepreneur Anthony Pompliano expressed his disappointment with the Fed’s decision to leave the rates unchanged. Calling that decision “ridiculous,” he added that “the Federal Reserve has been behind the curve for years.”

Lower interest rates usually allow more free capital to flow into the markets, including Bitcoin, which usually ensures a substantial BTC price increase.

Bitcoin price has remained unfazed, holding at the same level as before the Fed’s announcement. At the time of this writing, BTC is changing hands in the $104,800 zone.