Market Watch: Shiba Inu Rebounds 20% as Bitcoin Struggles With $60K

November 6, 2021 | By | Reply | 24 Readers More


Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%.

Shiba Inu Bounces Off

Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500.

Cardano has slipped to $2, while Ripple, Polkadot, Dogecoin, Terra, and Avalanche have all dipped by a similar percentage – around 3%.

In contrast, Solana has jumped to nearly $250 after a 1.5 increase, while BNB has tapped another six-month high after a 4% daily surge.

The most significant gainer from the larger-cap alts is Shiba Inu today. The popular meme coin was rapidly dumping in value after its ATH last week but has bounced off now. An 18.5%…

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