{"id":39617,"date":"2025-01-28T10:54:08","date_gmt":"2025-01-28T10:54:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=39617"},"modified":"2025-01-28T10:54:08","modified_gmt":"2025-01-28T10:54:08","slug":"bitcoin-btc-price-recovery-important-shiba-inu-shib-news-and-more-bits-recap-jan-28","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=39617","title":{"rendered":"Bitcoin (BTC) Price Recovery, Important Shiba Inu (SHIB) News, and More: Bits Recap Jan 28"},"content":{"rendered":"

TL;DR<\/strong>
\n<\/span><\/p>\n

Bitcoin (BTC) surged to approximately $103K after a severe dip, with analysts anticipating a new price discovery phase and potential record highs.
\nShytoshi Kusama stepped down as Shiba Inu\u2019s lead developer, sparking mixed reactions. Their announcement coincided with a brief plunge in SHIB\u2019s price.
\nMost meme coins are in the green today (January 28), but Pudgy Penguins dropped 16%, raising concerns about a possible \u201crug pull.\u201d<\/p>\n

<\/a><\/span><\/h2>\n

BTC Returns to Green Territory<\/h2>\n

The primary cryptocurrency witnessed a rather quiet weekend during which its price hovered in the $104,000-$105,000 range. However, the bears took control on January 27, <\/span>suppressing<\/span><\/a> the valuation below $98,000.\u00a0<\/span><\/p>\n

However, the plunge was short-lived, and Bitcoin (BTC) saw its price pump by over five grand in the last several hours. Currently, it trades at around $102,800 (per CoinGecko\u2019s data), while its market capitalization has once again exceeded $2 trillion.
\n<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

According<\/span><\/a> to X user Rekt Capital, the latest surge could <\/span>be followed<\/span> by the beginning of the second phase of price discovery, which may result in a new all-time high.\u00a0<\/span><\/p>\n

\u201cBTC has most likely completed its 1st Price Discovery Correction History, which suggests over the next two weeks\u2026 Bitcoin should be able to embark on its second Price Discovery Uptrend to new highs,\u201d the analyst suggested.<\/span><\/p>\n

Other popular industry participants who recently chipped in include Crypto Tony and Captain Faibik. The former <\/span>envisioned<\/span><\/a> a <\/span>major<\/span> rally if BTC\u2019s price breaks above $106,000, while the latter <\/span>predicted<\/span><\/a> a new peak of $120,000.\u00a0<\/span><\/p>\n

What\u2019s New Around SHIB?<\/span><\/h2>\n

The popular meme coin was among the worst-affected cryptocurrencies during the market decline at the start of the business week. One <\/span>important<\/span> factor that may have intensified its plunge is <\/span>Shytoshi Kusama\u2019s decision<\/span><\/a> to step down from their active role within the team as the \u201clead visionary.\u201d<\/span><\/p>\n

They explained, \u201cThere is no more vision needed, only execution and communications.\u201d Kusama revealed they will now serve as \u201clead ambassador<\/span>\u201d of Shiba Inu<\/span>.<\/span><\/p>\n

\u201cMy job moving forward will be to guide projects interested in building with the 36 Chambers of Tech (rebranded to ShibOS simply because there are more than 36 now) and helping them implement global solutions at all levels with our technologies,\u201d they added.<\/span><\/p>\n

Kusama\u2019s announcement led to some controversial responses. <\/span>While some X users thanked them for their actions <\/span>while serving as lead developer<\/span>, others mentioned some of the project\u2019s failures and blamed them for potentially running away.<\/span><\/p>\n

It is worth noting that the<\/span> statement should not be considered a huge surprise.<\/span> After all, Kusama and Kaal Dhairya (another well-known Shiba Inu developer) <\/span>previously <\/span>said<\/span><\/a> that<\/span> they would step back by the end of 2024 and hand <\/span>full<\/span> control over to the community.\u00a0<\/span><\/p>\n

Back then, Kusama claimed that the development was not about abandoning the project but <\/span>rather<\/span> \u201cempowering the community even more than they already have.\u201d<\/span><\/p>\n

Meanwhile, Shiba Inu\u2019s price has recovered from its local bottom and is currently worth around $0.00001896 (per CoinGecko\u2019s data). <\/span>This represents a 6% <\/span>increase on a daily scale<\/span>.<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

What About the Other Memes?<\/span><\/h2>\n

SHIB is not the only meme coin charting significant gains in the last 24 hours. Its biggest rival \u2013 Dogecoin (DOGE) \u2013 has spiked by 6.5%, while Official Trump (TRUMP), SPX6900 (SPX), MEOW (MEOW), Gigachad (GIGA), and others have soared by double digits.<\/span><\/p>\n

On the other hand, Pudgy Penguins (PENGU) is one of the few suffering a substantial decrease. Its price has plummeted by 16% on a daily scale, with some X users <\/span>suggesting<\/span><\/a> there has been a \u201crug pull\u201d scenario in place.<\/span><\/p>\n

The post Bitcoin (BTC) Price Recovery, Important Shiba Inu (SHIB) News, and More: Bits Recap Jan 28<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin (BTC) surged to approximately $103K after a severe dip, with analysts anticipating a new price discovery phase and potential record highs. Shytoshi Kusama stepped down as Shiba Inu\u2019s lead developer, sparking mixed reactions. Their announcement coincided with a brief plunge in SHIB\u2019s price. Most meme coins are in the green today (January 28), […]<\/p>\n","protected":false},"author":0,"featured_media":39618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39617"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39617"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/39618"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}