Upcoming Millions of Bitcoin profits will flow to SHIB
Bitcoin hit $44,000 on Thursday, putting it at a yearly high in 2023.
BTC started the year trading at a low of $16,500 and had a steady rise despite all the difficulties.
The leading cryptocurrency is currently attracting bullish sentiment by receiving large inflows from various quarters, including institutional investors.
Bitcoin's rise is also helping leading altcoins and other crypto tokens like Shiba Inu (SHIB), among others.
Bitcoin Pushes Shiba Inu to Delete ‘0’
Cryptocurrency king Bitcoin is now pushing Shiba Inu (SHIB) to remove the number ‘0’ in the indexes.
The Shiba Inu was trading at $0.000007 before BTC's rally but is now approaching the $0.00000971 mark.
Another move could take SHIB to $0.00001, causing it to clear the fifth zero with the help of Bitcoin.
Some of the investors who profit from Bitcoin are also currently investing in top altcoins such as XRP, Cardano (ADA), VeChain (VET) and Ripple's Shiba Inu, along with competitor Dogecoin.
The cryptocurrency market in general is currently filled with new enthusiasm, causing investors to make decent profits.
This is not the first time Bitcoin has driven other altcoins to move in tandem with its steady price increase.
BTC has been leading the market and any signal of its rise as well as causing other tokens to rise with it.
As a result, Bitcoin's returns have a trickle-down effect and a spillover effect that benefits Shiba Inu, XRP, ADA, and other cryptocurrencies.
Additionally, the Bitcoin halving event is on April 20, 2024 and BTC is expected to increase in the next 4 months.
At the time of writing, BTC is trading at $44,000 and up nearly 1% in 24-hour trading on the day. On the other hand, Shiba Inu is trading at 0.00000971 USD.
