The pattern is consistent with traditional markets where outsized gains in meme stocks relative to defensive plays are seen as a contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat near $30,000 this month amid the SHIB rally, CoinDesk data show.
Related posts
-
Hong Kong’s SFC chief praises Bitcoin
Hong Kong’s Securities and Futures Commission chief Julia Leung says Bitcoin is clearly showing its power... -
Is Bitcoin Manipulated? Experts Explain ‘Small’ ETF Inflow Impact
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been witnessing a historic run of inflows, marking... -
Bitcoin miner Riot Platforms acquires 12% stake in Bitfarms
Colorado-headquartered crypto mining company Riot Platforms has acquired ownership of a 12% stake in rival Bitfarms...