{"id":1801,"date":"2024-05-16T08:00:29","date_gmt":"2024-05-16T08:00:29","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-btc-price-rally-shiba-inu-shib-predictions-and-more-recap-may-16\/"},"modified":"2024-05-16T08:00:29","modified_gmt":"2024-05-16T08:00:29","slug":"bitcoin-btc-price-rally-shiba-inu-shib-predictions-and-more-recap-may-16","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ja\/bitcoin-btc-price-rally-shiba-inu-shib-predictions-and-more-recap-may-16\/","title":{"rendered":"Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<p>Bitcoin\u2019s price surged from $61,500 to over $66,500, possibly driven by the release of US CPI data.<br \/>\nShiba Inu saw a 9% price increase, with analysts predicting further gains of up to 50% based on technical patterns.<br \/>\nPEPE achieved a new all-time high on May 15, becoming the third-largest meme coin by market cap, with all holders realizing paper profits at one point.<\/p>\n<h2><span><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/05\/BitsRecapMay16_CB.jpg\"><\/a><\/span><\/h2>\n<h2>BTC Resurgence<\/h2>\n<p><span>After trading sideways in the past several days, the price of the primary cryptocurrency\u00a0<\/span><span>has<\/span><span>\u00a0once again headed north on May 15. It soared from $61,500 to over $66,500 in a matter of hours<\/span><span>,\u00a0<\/span><span>currently standing at approximately $66,000 (per CoinGecko\u2019s data).<\/span><\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/05\/BTC-Price-3.png\"><\/a>BTC Price, Source: CoinGecko<\/p>\n<p><span>The uptick occurred\u00a0<\/span><span>shortly<\/span><span>\u00a0after the latest Consumer Price Index (CPI) data was released by the US Bureau of Labor Statistics.<\/span><span>\u00a0<\/span><span>It\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-btc-rises-toward-64k-as-april-us-cpi-numbers-came-out\/\" target=\"_blank\" rel=\"noopener\"><span>showed<\/span><\/a><span>\u00a0that the inflation rate in the world\u2019s largest economy\u00a0<\/span><span>clocked in at<\/span><span>\u00a03.4%, meeting previous expectations.<\/span><\/p>\n<p><span>The Federal Reserve\u2019s goal is to decrease\u00a0<\/span><span>the<\/span><span>\u00a0annual inflation to 2%. As such, it implemented multiple measures in the past few years, including rate hikes. America\u2019s central bank hinted at a pivot sometime this year\u00a0<\/span><span>which is seen by<\/span><span>\u00a0many industry participants as a bullish factor for Bitcoin and the entire industry.<\/span><\/p>\n<p><span>After all, lowering interest rates makes money borrowing easier, possibly sparking more interest in riskier assets such as cryptocurrencies.<\/span><\/p>\n<h2><span>SHIB Forecasts<\/span><\/h2>\n<p><span>The popular meme coin has also experienced a substantial uptick, with its price soaring by 9%\u00a0<\/span><span>on a 24-hour scale<\/span><span>.<\/span><span>\u00a0<\/span><\/p>\n<p><span>Several analysts, such as the X users Ali Martinez and Dami-Defi,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-price-prediction-50-surge-incoming-but-theres-a-catch-analyst\/\" target=\"_blank\" rel=\"noopener\"><span>believe<\/span><\/a><span>\u00a0SHIB is yet to witness a bull run. The former envisioned a 20% surge should it break \u201cthe upper boundary of this descending parallel channel at $0.00002444.\u201d<\/span><\/p>\n<p><span>Dami-Defi was even more bullish, predicting a 50% increase based on \u201ca falling wedge pattern on the 1D time frame.\u201d They also suggested that the entire meme coin sector will continue to flourish in the following months.<\/span><\/p>\n<h2><span>PEPE\u2019s Success<\/span><\/h2>\n<p><span>The frog-themed meme coin has outperformed many <\/span><span>of the<\/span><span>\u00a0leading cryptocurrencies in the last few days, registering a double-digit price spike. As\u00a0<\/span><em><span>\u30af\u30ea\u30d7\u30c8\u30dd\u30c6\u30c8<\/span><\/em><span>\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pepes-market-cap-eyes-5-billion-after-the-price-hit-another-ath\/\" target=\"_blank\" rel=\"noopener\"><span>\u5831\u544a\u6e08\u307f<\/span><\/a><span>, it hit a new all-time high on May 15, whereas its market capitalization neared a whopping $5 billion.<\/span><\/p>\n<p><span>PEPE\u2019s price slightly retraced in the past several hours, but it remains the third-biggest asset in the meme coin cohort.\u00a0<\/span><span>\u306b\u3064\u3044\u3066\u00a0<\/span><span>forth-largest<\/span><span>\u00a0\u2013\u00a0<\/span><span>dogwifhat<\/span><span>\u00a0(WIF) \u2013 trails behind with a market cap of approximately $3 billion.<\/span><\/p>\n<p><span>Somewhat expectedly, PEPE\u2019s latest revival has benefited investors. According to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/intotheblock\/status\/1790409885017866628\" target=\"_blank\" rel=\"noopener\"><span>IntoTheBlock<\/span><\/a><span>, 100% of the coin\u2019s holders stood at paper profits on May 14.\u00a0<\/span><\/p>\n<p>\u30dd\u30b9\u30c8 <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-price-rally-shiba-inu-shib-predictions-and-more-recap-may-16\/\">Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16<\/a> \u306b\u521d\u767b\u5834\u3057\u305f\u3002 <a href=\"https:\/\/cryptopotato.com\/\">\u30af\u30ea\u30d7\u30c8\u30dd\u30c6\u30c8<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin\u2019s price surged from $61,500 to over $66,500, possibly driven by the release of US CPI data. Shiba Inu saw a 9% price increase, with analysts predicting further gains of up to 50% based on technical patterns. PEPE achieved a new all-time high on May 15, becoming the third-largest meme coin by market cap, with all holders realizing paper profits at one point. BTC Resurgence After trading sideways in the past several days, the price of the primary cryptocurrency\u00a0has\u00a0once again headed north on May 15. It soared from $61,500 to over $66,500 in a matter of hours,\u00a0currently standing at approximately $66,000 (per CoinGecko\u2019s data). BTC Price, Source: CoinGecko The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16 - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ja\/bitcoin-btc-price-rally-shiba-inu-shib-predictions-and-more-recap-may-16\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Price Rally, Shiba Inu (SHIB) Predictions, and More: Recap May 16 - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Bitcoin\u2019s price surged from $61,500 to over $66,500, possibly driven by the release of US CPI data. Shiba Inu saw a 9% price increase, with analysts predicting further gains of up to 50% based on technical patterns. PEPE achieved a new all-time high on May 15, becoming the third-largest meme coin by market cap, with all holders realizing paper profits at one point. BTC Resurgence After trading sideways in the past several days, the price of the primary cryptocurrency\u00a0has\u00a0once again headed north on May 15. It soared from $61,500 to over $66,500 in a matter of hours,\u00a0currently standing at approximately $66,000 (per CoinGecko\u2019s data). 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Shiba Inu saw a 9% price increase, with analysts predicting further gains of up to 50% based on technical patterns. PEPE achieved a new all-time high on May 15, becoming the third-largest meme coin by market cap, with all holders realizing paper profits at one point. BTC Resurgence After trading sideways in the past several days, the price of the primary cryptocurrency\u00a0has\u00a0once again headed north on May 15. It soared from $61,500 to over $66,500 in a matter of hours,\u00a0currently standing at approximately $66,000 (per CoinGecko\u2019s data). 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