Altcoin News Official Today TheBitTimes.com

The Bitcoin price plunged 5% in the last 24 hours to trade at $93,512 as of 02:21 a.m. EST on trading volume that surged 94% to $120 billion. This follows MicroStrategy’s announcement on Monday that it acquired an additional 55,000 BTC for $5.4 billion between November 18 and November 24. With this latest purchase, the company now holds approximately 386,700 BTC, acquired at a total cost of about $21.9 billion, averaging $56,761 per BTC. Bitcoin Price Currently Undergoing A Correction After what appears to be a parabolic rise in November, the Bitcoin price then went through a cool-off, as the bulls used the $90,000 support to push the price up through a rising channel pattern, according to data from GeckoTerminal. The price of Bitcoin, however, has breached the lower boundary of the channel, suggesting that BTC is currently undergoing a correction. The current correction has pushed the price of Bitcoin to trade below the 50-day Simple Moving Average (SMA). However, the BTC p...

Shiba Inu (SHIB) had quite a bullish weekend, outperforming major cryptocurrencies such as Bitcoin (BTC). The dog-themed crypto rallied 26.4% in the weekly charts, 40.9% in the 14-day charts, and 33% over the previous month. Despite the rally, the asset faced a 7.8% correction in the last 24 hours. Source: CoinGeko Also Read: 10 Best Crypto Staking Platforms of 2024 SHIB’s Recent Performance And Future Predictions Image Source: Watcher Guru SHIB’s Correction And Memecoin Surge SHIB’s correction in the daily charts could be due to Bitcoin (BTC) slipping below the $65,000 mark. Memecoins began to surge after BTC’s climb to the $65,000 level. Dogecoin (DOGE), Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), etc., all witnessed significant rallies over the last few days but have since faced a dip again. Will Shiba Inu Reclaim $0.00005? According to CoinCodex data, SHIB’s price will surge to $0.00004160 on Oct. 4, 2024. Reaching $0.00004160 from current prices will lead to a rall...