U.Today brings you the top three news stories from the past day, including insights from "Rich Dad Poor Dad" author Robert Kiyosaki, Shiba Inu's potential price movement, and Binance CEO's outlook on the bear market.
"Rich Dad Poor Dad” author reacts to crash
Robert Kiyosaki, the renowned entrepreneur and author of the bestselling book "Rich Dad Poor Dad," recently shared his views on the current market situation amidst the sea of red. In a social media post, Kiyosaki revealed his plan to invest in precious metals and Bitcoin during this turbulent time. He emphasized the opportunity for brave investors to thrive while cowards panic and sell. Bitcoin's recent drop to $51,331, the lowest since February, was attributed to fears of a looming recession triggered by U.S. economic indicators.
(SHIB) to add another zero to its price
Shiba Inu, despite a recent recovery, still faces challenges as it hovers around $0.00001, a critical support level. The combination of bearish sentiment and marketwide liquidations has put pressure on meme tokens like SHIB. If the price dips below this level, it could signal further losses and potentially add another zero to its value. However, positive market conditions could lead to a rebound due to the speculative nature of meme coins.
Binance CEO breaks silence on how long bear market will continue
Amidst market uncertainty, Binance CEO Richard Teng addressed the recent crash and its potential duration. Teng attributed the market downturn to macroeconomic factors but remained optimistic about long-term prospects. However, he cautioned investors about potential market fluctuations due to Federal Reserve policies and geopolitical issues. Despite challenges, Teng advised investors to stay informed and continue building their portfolios.