The second-largest memecoin, which is a type of cryptocurrency, has had a significant increase in value today, with a massive double-digit surge.

In the past 24 hours, Bitcoin has continued to increase in value, reaching its highest point since early September. Most other alternative cryptocurrencies, known as altcoins, have also experienced slight gains, with Ethereum nearing $1,600. However, Shiba Inu, a popular memecoin, has seen an exceptional increase in value with a 16% daily surge.

Bitcoin has reached a value of $21,500.

It can be said that the beginning of 2023 has been positive for the primary cryptocurrency, Bitcoin. After a slow start in the first few days, it broke above $17,000 on Monday and has continued to increase in value. It quickly surpassed several round-numbered milestones, eventually reaching a surge beyond $21,000 on Saturday, resulting in hundreds of millions of dollars worth of liquidations. Sunday was calmer, as is typical, and the following days have also seen less volatility. However, Bitcoin has remained above $20,000 and has had frequent jumps to $21,000.

In the past 24 hours, Bitcoin has seen a minor price increase, pushing the cryptocurrency to just under $21,600 on the Bitstamp exchange. This is the highest value that the asset has reached since September 12. Despite experiencing a slight decrease in value in the following hours, Bitcoin's market capitalization is still close to $410 billion and its dominance over other alternative cryptocurrencies (alts) is still firmly above 41%.

SHIB, a popular cryptocurrency, has seen a significant increase in value, also known as "Soaring".

Since the start of the year, most alternative cryptocurrencies (altcoins) have also seen an increase in value. In the past 24 hours, these altcoins have experienced minor price increases as well. Ethereum is currently trading close to $1,600 after a 1% increase in value on a daily scale. It's worth noting that just a few weeks ago, the second largest cryptocurrency was trading below $1,200. Binance Coin, which recently underwent a token burn, is still trading at $300 despite a slight retracement. Solana has seen the largest decrease among the larger-cap altcoins with a 5% loss, followed by MATIC (-2%) and Cardano (-1%). On the other hand, Dogecoin, OKB, and LTC have seen increases of up to 3.5% in a day. However, the standout performer today is Shiba Inu, with a memecoin that has seen an increase of over 15% in the past 24 hours and is currently trading at $0.000012. The overall cryptocurrency market capitalization has added a few billion overnight and is currently close to $1 trillion on CoinMarketCap.

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