Hold onto your hats, crypto fans, because Shiba Inu’s largest token just took off like a rocket, jumping a whopping 13% in the last 24 hours!
Bitcoin had a bit of a rollercoaster day, dipping below $62,800 earlier but then clawing its way back to hover around $64,000. Talk about a comeback kid!
While some altcoins like DOGE, TON, and ADA have been showing off with solid gains, SHIB and PEPE are the real showstoppers here.
Bitcoin’s wild ride started last week when the US Fed decided to cut key interest rates for the first time in over four years. This move pushed Bitcoin from under $58,000 to over $60,000, and it’s been on a tear ever since.
The bulls didn’t stop there, pushing it up to $64,000 by Friday morning and even higher this week. Bitcoin hit $64,800 a couple of times, with the latest spike happening just yesterday. But the bears weren’t having it and pushed the price down to $62,750 earlier today.
No worries though, because Bitcoin bounced right back and is now flirting with $64,000 again. These crazy ups and downs are happening despite more money flowing into spot Bitcoin ETFs.
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Bitcoin’s market cap is chilling at around $1.260 trillion, but its dominance over altcoins has taken a tiny hit, now sitting at 53.7%.
Shiba Inu is stealing the spotlight among the big players, surging an eye-popping 13% to hit $0.000017. Another star from the meme coin universe, PEPE, isn’t far behind with a 7% boost, reaching $0.000009. DOGE also joined the party with a 4% gain in the past day. Other notable mentions include TON, ADA, DOT, and NEAR.
Meanwhile, the rest of the big-name altcoins are taking it easy, with minor losses coming from ETH, BNB, XRP, and LINK.
Overall, the total crypto market cap has ticked up slightly, now sitting at $2.350 trillion.
