Bitcoin is on the verge of its all-time high
Dogecoin also soars
※ Cryptocurrency is a highly volatile investment product. Extreme caution is needed as you could potentially suffer significant losses.
The Shiba Inu coin seems to have entered a realm of madness.
As of 8 a.m. on the 5th, according to the global coin market relay site CoinMarketCap, the Shiba Inu coin has skyrocketed 57.36% from 24 hours ago, recording $0.1827. This is a 249.66% surge compared to a week ago. On Bithumb, it is trading at 0.0491 KRW, up 56.37% from 24 hours ago. The surge is so steep that chart analysis seems meaningless.
Meme coins should not be underestimated. Shiba Inu coin is ranked 10th in cryptocurrency (virtual asset) market capitalization on CoinMarketCap, following Bitcoin, Ethereum, Tether, Binance Coin, Solana, Ripple, USDC, ADA, and Dogecoin.
Dogecoin’s rise is also unstoppable. Dogecoin is trading at $0.1866, up 16.51% from 24 hours ago. It’s up 102.01% from a week ago. On Bithumb, it is trading at 254 KRW, up 17.05% from 24 hours ago.
Bitcoin’s rise is driving the rise of meme coins. After the approval of the Bitcoin Exchange Traded Fund (ETF), funds are pouring into the global cryptocurrency market.
According to CoinMarketCap, Bitcoin is trading at $67,868, up 7.74% from 24 hours ago.
Bitcoin is on the verge of its all-time high. It once surpassed $68,000. Bitcoin’s record high was $69,000, recorded in November 2021.
It is also setting new highs daily in the KRW market. Bitcoin is trading at 95.18 million KRW (approx. $71,000) on Bithumb, up 8.49% from 24 hours ago.
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