Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
FxWirePro- Major Crypto levels and bias summary 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
In a surprising shift, Shiba Inu (SHIB) has decoupled from Bitcoin, gaining nearly 30% in trading volume and rising by 6.03% to $0.00001706. With market enthusiasm building, SHIB’s October rally defies Bitcoin’s slow performance, hinting at ambitious milestones ahead.
Shiba Inu Poised for Unexpected Moves as Bitcoin Falters in 'Uptober'
When it comes to the overall bitcoin market, October has not yet delivered the goods, despite its often optimistic reputation. Market volatility has hindered consistent price rise for Bitcoin and most altcoins, causing their prices to fluctuate.
In the final days of "Uptober," Shiba Inu (SHIB) looks poised to make some unexpected moves in the cryptocurrency market.
Shiba Inu Decouples from Bitcoin with Significant Gains
The data shows that the meme coin with a dog motif has separated from Bitcoin, the top digital money in the world.
The market capitalization of Shiba Inus has increased to $203.57 million, a 29.66% increase, in the last day. Similarly, SHIB has begun to recover from a week of price drops, and it has recovered 6.03% to $0.00001706.
Market Sentiment Boosts SHIB's Momentum
The turning point for Shiba Inu occurred when the price bounced off the $0.0000160 support level and reached $0.00001605. However, market sentiment stayed positive, which boosted SHIB's momentum as more investors staked their bets on the meme coin, causing its price to recover, U.Today points out.
Bitcoin Recovers, But SHIB Outpaces Growth
Also, Bitcoin's price has recovered from market instability and is back above $68,000. Many were expecting the coin to rise to $70,000 last week, but it fell instead. Based on price growth and volume, SHIB is registering a more ambitious rally, even if BTC has recovered to $68,584.
Potential Golden Cross Signals Massive SHIB Price Hikes
Experts in the market think that if SHIB can keep its momentum going into November, the dog-themed meme coin can reach new heights. The meme coin SHIB may see massive price hikes as it approaches a possible golden cross, according to U.Today.
Analyses show that the 50-day exponential moving average (EMA) of SHIB is getting close to the 200-day EMA. Reviving interest in the token could be triggered if this critical indicator in the golden cross setup is achieved.
