Bitcoin Recovers, SHIB grows after Kraken Listing

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Bitcoin Recovers, SHIB grows after Kraken Listing

Bitcoin Recovery, SHIB grows after Kraken Listing
Image source: © Robot100 | Megapixl.com

Highlights

  • The past two days has seen a recovery for Bitcoin with a growth of 8.14 percent
  • One of the catalysts for SHIB’s price surge is crypto exchange, Kraken, who is now allowing the trade of the altcoin on its platform

Bitcoin Shows Recovery

Bitcoin has continued to rally after a rough two weeks which saw it plummet from an all-time high of just under US$69,000 on November 11.

Bitcoin suffered mass selloffs in the latter half of November, sinking to as low as US$54,000.

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However, the past two days has seen a recovery of 8.14 percent for the world’s largest crypto.

Bitcoin is currently valued at US$57,335.79.

Altcoin News

Shiba Inu – the crypto inspired by Dogecoin – has been one of the best performers this week, with its price climbing over 30 percent in the week to date.

SHIB’s rebound suggests a trend shift after the wider market sell off experienced in the last couple of weeks.

One of the catalysts for SHIB’s price surge is crypto exchange, Kraken, who is now allowing the trade of the altcoin on its platform.

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Source: Coinmarketcap.com, based on top 100 cryptos.

Image Source @ 2021 Kalkine Media

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