Shiba Inu Now Negatively Correlates with BTC, What Does It Mean?
The crypto world has been buzzing with confusion as the dog-themed crypto, Shiba Inu, takes center stage.U Today reported that recent data has revealed noteworthy developments, namely that Shiba Inu (SHIB) correlation with the largest cryptocurrency by market capitalization, Bitcoin (BTC), has reached a new low, sending waves through the crypto community.Shiba Inu Negatively Correlates with BTCAccording to on-chain analytics firm IntoTheBlock, the 30-day correlation coefficient between Shiba Inu and Bitcoin currently stands at -0.24. This figure highlights a striking difference in their price movements.