Ethereum Meme Token SHIB Flips Dogecoin as Bitcoin Slumps

In brief

  • Meme token Shiba Inu has surged in value of late, up 45% over the last 24 hours, and its market cap is now greater than that of Dogecoin.
  • The wider crypto market is down 4% today, and Bitcoin has slumped below $60,000.

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