Shiba Inu skyrocketed to a two-month high at $0.00003, while bitcoin continues to struggle around $40,000.
After several days of freefalls and dropping below $40,000, bitcoin has calmed around that level. Most altcoins are also rather stagnant today, with one obvious exception – Shiba Inu. The memecoin skyrocketed to multi-month high following news about getting listed on Robinhood.Bitcoin’s inability to break above $47,000 last week meant incoming trouble. The asset began its gradual descent in the following days, by firstlyHowever, that was not all, as the bears kept the pressure on.
What followed was another retracement following a brief recovery attempt, which led to dumping below the January 2021 ATH of $42,000.dippedAfter marking this multi-week low at just over $39,000, BTC bounced off and regained some traction. As of now, the asset has calmed and stands rather still around the coveted $40,000 line. Nevertheless, its market capitalization struggles at just over $750 billion.This is all you need not to miss any price action in the raging crypto markets.
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