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.
Bitcoin(BTC)$97,535.003.54%
Ethereum(ETH)$3,362.137.25%
XRP(XRP)$1.13-0.56%
Bitcoin Cash(BCH)$492.108.83%
Litecoin(LTC)$90.383.39%
Ethereum Classic(ETC)$27.865.40%
Monero(XMR)$160.931.05%
Dash(DASH)$29.504.91%
