Analysis Today TheBitTimes.com

Shiba Inu (SHIB) burn rate plummeted by more than 91% on September 28, 2026, even though this cryptocurrency climbed over 7.7% last week.  Shiba Inu burn rate experienced a 91.31% meltdown over the past 24 hours, from approximately 3,887,908 SHIB at the beginning of the day to roughly 338,050 SHIB obliterated, according to data from Shibburn . Shib Inu burn rate for 24 hours. Source: Shibburn During the past 30 days, SHIB’s burn activity surged to its highest level on September 10, when 73,288,887 tokens were incinerated. On September 19, the Shiba Inu burn rate also soared, with 69,934,007 SHIB destroyed. Shib burn rate for 30 days. Source: Shibburn Notably, although the Shiba Inu burn rate has plunged significantly on Monday, down by more than 36% over the past 30 days, the Shibarmy still gets to benefit. Furthermore, the total SHIB burned increases over time, currently at around 410,844,369,808,074 SHIB, valued at over $7.35 billion. At the time of repor...

Before the BRICS 2026 summit in New Delhi, India had washed its hands clean of the de-dollarization agenda. High-ranking officials repeatedly made statements saying that India will trade in the US dollar and not abandon the currency. Other members had to toe the line and accept that the summit would not go against the West. However, things could change next year as China will host the BRICS summit in 2027, and the Xi Jinping administration could come up with several de-dollarization initiatives for the bloc. Sergey Ryabkov, Russian Deputy Foreign Minister, said in a press conference that Russia will accept whatever priorities China places on the table at the 19th summit. Also Read: Numerous Countries Expressing Interest in Joining BRICS De-Dollarization Can Take a New Turn at the BRICS 2027 Summit in China Source: FT Montage / Getty Images Russia has been a staunch ally of China, as the country has been with it through thick and thin. From helping it to trade in local currencies to acc...

As Bitcoin (BTC) added more than $310 billion to its market capitalization over the past 30 days, reaching $1.57 trillion on September 14, Morgan Stanley (NYSE: MS) through its spot exchange-traded fund (ETF), Morgan Stanley Bitcoin Trust (MSBT), has been on a buying spree. MSBT recorded a net cash inflow of $3.76 million on Friday, September 11, according to data from SoSoValue . As such, Morgan Stanley’s Bitcoin ETF has approximately $610.13 million in net assets at the time of writing. MSBT’s daily cash flow. Source: SoSoValue As such, MSBT has registered four consecutive days of cash inflows. Additionally, this BTC ETF has purchased Bitcoin on 11 days of the past 20 days, without any cash outflow, amounting to roughly $62.2 million.  Notably, Morgan Stanley’s MSBT has posted only one day of cash outflow, of $5.26 million on May 29, since inception. In comparison, BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw three consecutive days of cash outflows throug...

BTC’s 90-day price correlation with gold has reached +0.56, its highest level since most data providers started measuring it in January 2017 and higher than its prior record of +0.5 in November 2020. Meanwhile, the 90-day correlation of BTC with the Nasdaq 100 index slid to roughly +0.30 over the same window, a one-year low. Pearson price correlations range from -1 to +1. Perfect correlation is +1, meaning the assets always affect one another’s price and never decouple in their correlated movements. At 0 or “no” correlation, the assets never affect one another’s price. At -1, the assets move in perfectly opposite directions — one rising and one falling by proportionally consistent amounts. Mathematicians choose a set length of time to determine how correlated their prices are; for example, over the last 90 days. The 90-day correlation of BTC with the Nasdaq 100 index slid to roughly +0.30. At a +0.56 correlation and rising, the narrative ...