Bitcoin has surged to a price of $63,000, signaling a notable uptick at the week's close. This price increase presents a promising scenario for other cryptocurrencies, commonly referred to as 'altcoins'. Shiba Coin, also known as SHIB, particularly benefited by climbing 8% amidst this recovery.
The positive momentum follows a quick rebound from a period when Bitcoin fell below $59,000. This change fosters optimism in the altcoin markets, as they often rise when Bitcoin stabilizes or grows steadily.
