Shiba Inu Rallies After Bitcoin Reclaims $70,000

Shiba Inu (CRYPTO: SHIB) is gaining Friday as Bitcoin (CRYPTO: BTC) rebounds from the $60,000 level hit late Thursday, climbing about 7% to reclaim $70,000 after a sharp sell-off. The rebound at least temporarily eases fears of a deeper correction and pulls traders back into higher-beta tokens like Shiba Inu.

Here’s what traders and investors need to know.

• $SHIB stock is surging today. What’s next for $SHIB?

Bitcoin Rally Restores Risk Appetite For Meme Coins

Bitcoin’s Friday recovery matters for Shiba Inu because it anchors market confidence. When Bitcoin stabilizes after …

Full story available on Benzinga.com