"Shiba Inu (SHIB) Price Surges to 3-Month High, Bitcoin (BTC) Hits $665,000 (Weekend Watch)"

The Shiba Inu (SHIB) has been on a meteoric rise recently, rising 42% in one week. Bitcoin retreated slightly after surpassing $665,000 for the first time in nearly two months amid a favorable reaction to U.S. inflation data. Bitcoin had a bright start this week, gaining momentum after the Federal Reserve cut interest rates. The price once reached $63,000, and then broke through $64,500, but failed to maintain it. It was pushed as low as $62,700 by short sellers on Thursday, and then reversed the trend. Yesterday evening After surging to $66,500 for the first time since August 1, the price is now just below $66,000, with a market capitalization of over $1.3 trillion, a slight increase in altcoin dominance. It’s been a week of meme coins, with the Shiba Inu being the best performer multiple times, with the price approaching $0.000022 for the first time in over three months. PEPE has also seen significant gains, surging 6.5% since yesterday and 36% since last Saturday, with other meme coins such as WIF, BONK and FLOKI also seeing larger gains. Looking at the daily chart, Ripple and Toncoin, as well as larger altcoins by market capitalization such as BNB, ETH, DOGE and TRX, also rose, albeit more modestly. The cumulative market capitalization of all crypto assets has increased slightly since yesterday and now stands at over $2.420 trillion.