$SHIB and other cryptocurrencies are on the rise following Bitcoin spike to $21,220
, but it is most likely that the token's price performance is tied to market-related events rather than news about the Shib Metaverse.SHIB Payments May Be Available to 650 Million Users, Ripple’s Partner Launches Crypto Remittances Between Mexico and Canada: Crypto News Digest by U.Today
In the last 24 hours, the most volatile cryptocurrencies on the market saw significant inflows and short-term rallies that put them at the top of the profitability leaderboard. Shiba Inu was no exception. The most likely reason behind the pump is the expected reaction of the European Central Bank to the rising inflation and a relatively calm speech delivered by the Fed's Powell. The market was reasonably oversold in the last few weeks, which is why the move we are seeing today could be nothing but bulls' answer to the most recent movements we saw on the crypto market previously.
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