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What could happen to Shiba Inu if Bitcoin hits $2.4M? IntoTheBlock demonstrates that Shiba Inu follows Bitcoin by an 82% correlation at this time. The close level of price correlation between SHIB and Bitcoin indicates that SHIB could trim off another zero from its value if Bitcoin reaches its ambitious target price of $2.4M according to Ark Invest. The future of Shiba Inu depends highly on Bitcoin’s performance since many experts speculate what would happen to the popular meme coin if Bitcoin achieves its ambitious $2.4M price point. Also Read: China Exempts Key U.S. Goods From 125% Tariff—What’s on the List? What Happens to SHIB If Bitcoin Hits $2.4M? Price, Market, Risk Source: Watcher Guru Ark Invest’s Bold Bitcoin Prediction Ark Invest recently surprised the entire crypto community with an updated Bitcoin price prediction for 2030. The multi-billion-dollar asset manager basically forecasts that Bitcoin might reach about $500,000 in a bear scenario, around $1.2 million a...

The Altcoin Season Index (ASI) has risen to 48 as of December 26, 2024, reflecting a neutral stance between Bitcoin and altcoins. This marks a slight increase compared to the previous day. The current ASI level suggests that neither Bitcoin nor altcoins fully dominate the market. The ASI measures the performance of the top 100 cryptocurrencies over the past 90 days. While altcoins are beginning to show strength, Bitcoin continues to maintain its dominance in the market. Market analysts suggest that a full-fledged Altcoin Season may emerge in 2025, with Ethereum being identified as a potential leader in this phase. The market remains balanced, with altcoins regaining some traction while Bitcoin holds its leading position. As expected, several altcoins are printing price rallies. Insidebitcoins has curated a list of the most viewed cryptos on GeckoTerminal to watch. Most Viewed Cryptos on GeckoTerminal to Watch The cryptocurrency market has seen significant activity in the past 24 h...