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Bitcoin Rises 25% in 7 Days But Shiba Inu Soars 206% – Market Summary

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This Wednesday (06) Bitcoin (BTC) had a high of 25% in 7 days, reaching US$ 51,330, while the Shiba Inu (SHIB) soared 206% in one week to find a place among the 20 major currencies , according to CoinGoLive.

The cryptocurrency market, meanwhile, is increasing its market cap to $2.26 trillion and increasingly the satoshis that are already migrating into diamond hands are also becoming part of the treasury of large corporations, as the analysis shows. on-chain by Willy Woo.

This Wednesday (06) Bitcoin (BTC) had a high of 25% in 7 days, reaching US$ 51,330, while the Shiba Inu (SHIB) soared 206% in one week to find a place among the 20 major currencies , according to CoinGoLive
Source: CoinGoLive.com

Bitcoin (BTC) rose 25% in 7 days

Despite dropping to less than $47,000 over the weekend, the last few days went well for the cryptocurrency leader. Bitcoins had bounced back from last week’s slumps and was on its way to challenging $50,000 for the first time in nearly a month.

After a few rejections at $49,000, the BTC finally got over the $50,000 hurdle yesterday. It currently trades at US$51,330 – R$282,458 in the main Brazilian brokers, after having risen 2.52% in 24 hours, according to CoinGoLive.

As Willy Woo’s on-chain analysis shows, the amount of Bitcoins in public company bonds exceeded 200,000 BTC. This shows that more and more satoshis that are already migrating to diamond hands are also becoming part of the treasury of large corporations.

Bitcoin amount in public companies - Source: twitter.com/woonomic/status/1445392269197053960 the amount of Bitcoin in public company securities exceeded 200,000 BTC.
Amount of Bitcoin in public companies – Source: twitter.com/woonomic/status/1445392269197053960

Read too: Diamond hands; Holders own 80% of Bitcoin supply

Its market capitalization is still well above $950 billion, while its dominance over altcoins has increased to 42.6%.

Shiba Inu (SHIB) soared 206% in one week

This morning, altcoins did not follow the movement north of Bitcoin in 24 hours. However, one altcoin in particular surprised everyone by gaining space in the top 20 currencies with a 66.4% jump in just one day.

Shiba Inu (SHIB) performed impressively for a week and is now priced at $0.0000217.

The result of the main altcoins in the last 24 hours is as follows: Ethereum (-1.75%), Cardano (-3.67%), Binance Coin (-3.99%), Ripple (-1.84%), Solana (-8.23%), Dogecoin (+5.32%), Polkadot (-6.32%), Terra (-8.75%), Avax (-8.69%), Uniswap (-4, 76%) and Chainlink (-4.73%).

The cumulative market capitalization of all cryptocurrencies has jumped to $2.26 trillion since yesterday.

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