Bitcoin Reclaims $44K: Shiba Inu Spikes 5% (Market Watch)

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Bitcoin tapped $44,000 once more, while Shiba Inu and CryptoCom's native coin marked the most substantial gains in a day.

Bitcoin tapped $44,000 once more, while Shiba Inu and CryptoCom’s native coin marked the most substantial gains in a day.

Following yesterday’s brief retracement, bitcoin went on the offensive once more and touched $44,000. Most alternative coins are slightly in the green today as well, with ETH touching $3,200 and SHIB spiking by 5%.. The asset struggled at $37,500 on February 4th, but the bulls stepped up and started to push it north.

Firstly, bitcoin broke above $40,000 before adding another grand in the following hours. After stalling there for a bit, BTC began adding more value once again. This time, it tapped a multi-week high of around $44,000 before surging to $45,500 for the first time since early January. After several days of continuous gains, it was expected to some extent that there will be a slight retracement. It transpired yesterday when BTCHowever, bitcoin reacted well to this price slide and has added more than $1,500 since then. As a result, it now stands above $44,000, and its market capitalization has neared $850 billion.This is all you need not to miss any price action in the raging crypto markets.

 

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