Bitcoin price rose 2.82% to $62,437.2.
This bitcoin rally came after the Shiba Inu coin quickly gained 30% in value. In trading, its value has risen 100% this week, with a market cap of around $26 billion.
Shiba Inu Coin value increases after crypto trading platform Robin Hood Hunt plans to release Shiba Inu coins for trading.
However, the Shiba Coin is a parody of the Shiba mascot inspired by Dogecoin a coin pushed by Elon Musk, CEO of Tesla. The Shiba coin is seen as a coin that kills Dogecoins.
The Spot Market is Closed
Sunday, October 31, 2021