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Bitcoin Dips Below $59K as Leverage Ratio, SHIB Rally Signal Excess Speculation (CoinDesk)

Early today, #shibainu was the top Twitter trend in India, the world’s second-most populous country. A spokesperson from Mumbai-based WazirX, one of the largest crypto exchanges in India, said SHIB has overtaken bitcoin’s position as the top traded token in the Indian rupee market this week, generating a volume of $489 million.

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The Markets Today