The templet is consistent with traditional markets where outsized gains in meme stocks relative to defensive plays are discerned as a contrary indicator for the broader market. Bitcoin, the leading cryptocurrency by market value, has traded dead flat contiguous $30,000 this month amid the SHIB rally, CoinDesk data show.
Check Also
XRP Price Skyrockets Past $1 as SEC Faces Legal Troubles And Favorable Regulatory Shift Looms
In December 2020, the SEC filed a lawsuit against Riffle Labs, accusing the company of …