Shiba

Bitcoin

Dogecoin

Shiba Inu

Rise

<p style="text-align: justify">The ascent of the leading cryptocurrency <a href="https://en.coin-turk.com/cme-bitcoin-futures-rise-above-40000-indicating-an-upward-trend/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is garnering the interest of investors, while some altcoins such as Dogecoin (DOGE) and <a href="https://en.coin-turk.com/bitcoin-update-will-shiba-coin-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB) are also experiencing substantial gains. Dogecoin, the largest meme token by <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a> cap and one of the top 10 cryptocurrencies, secured the biggest gain of the past week.</p>
<h2 id="rise-in-meme-tokens">Rise in Meme Tokens</h2>
<p style="text-align: justify">Dogecoin’s close rival, Shiba Inu, also saw an approximate 6% increase the other day, achieving significant gains. The popular meme token, ranked as the 19th largest cryptocurrency by market cap, is currently trading at $0.00000888. Following the loss of legendary investor Charlie Munger, a series of new tokens emerged last week, leading to a rise in the market.</p>
<p style="text-align: justify">Ethereum (ETH), the second-largest cryptocurrency by market cap, also began to rise with gains of more than 2% the other day. However, all eyes are on Bitcoin, which continues to reach unprecedented heights since its May 2022 crash. Investors are increasingly optimistic as they anticipate the Securities and Exchange Commission’s approval of a spot Bitcoin exchange-traded product after a decade, thus reigniting market interest.</p>
<p><img decoding="async" class="alignnone size-full wp-image-284545" src="https://coin-turk.com/wp-content/uploads/2023/12/eth.jpg" alt="" width="1106" height="523"></p>
<h2 id="bitcoin-s-rising-influence-expands">Bitcoin’s Rising Influence Expands</h2>
<p style="text-align: justify">The leading cryptocurrency showed an increase of over 12% last week, yet it still remains well below its all-time high of $69,044 from November 2021. In addition, Bitcoin Cash (BCH), a derivative of Bitcoin, was one of the top performers in the top 20, with its price increasing by 7.5% in the last 24 hours. At the time of writing, according to CoinGecko, BCH is trading at $244.28. Aiming to be a faster and more affordable version of Bitcoin, the altcoin has seen a 8.5% increase over the past seven days.</p>
<p style="text-align: justify">In conclusion, as Bitcoin continues to rise, it drives altcoins, especially Dogecoin and Shiba Inu, towards significant gains, and other cryptocurrencies, including Ethereum, also show an uptrend. However, the expectation for Bitcoin to reach levels not seen since its May 2022 collapse remains a significant factor in the market.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/the-rise-of-cryptocurrencies-bitcoin-leads-the-charge-as-altcoins-gain-ground/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/the-rise-of-cryptocurrencies-bitcoin-leads-the-charge-as-altcoins-gain-ground/</a>

The Rise of Cryptocurrencies: Bitcoin Leads the Charge as Altcoins Gain Ground

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