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)$79,234.003.71%
Ethereum(ETH)$3,198.417.56%
XRP(XRP)$0.585.91%
Bitcoin Cash(BCH)$435.1217.14%
Litecoin(LTC)$76.855.48%
Ethereum Classic(ETC)$22.6711.85%
Monero(XMR)$165.481.49%
Dash(DASH)$25.265.74%
