The recent developments in the Shiba Inu ecosystem have closely followed the overall market movements. After Bitcoin began its upward trend on September 26, Shiba Inu also saw a significant rise. Over the past two days, Shiba Inu's price surged by more than 45%. However, the price is now experiencing a retracement.
The alignment with Bitcoin's rise suggests a strong correlation between Shiba Inu and the broader cryptocurrency market. The retracement might be due to profit-taking or market corrections commonly seen after such significant surges.
