Dogecoin, Shiba Inu, and other meme coins are getting pulled into crypto's orbit: Why are prices rising today?
Briefly

Bitcoin has surpassed the $120,000 mark, showcasing substantial growth over the past three months. Meme coins like Shiba Inu and Dogecoin have also risen sharply. CoinMarketCap data shows Pepecoin increased by 24.31%, Dogecoin by 20.73%, Shiba Inu by 17.19%, and Trump's coin by 12.52% within a week. An important factor driving these increases appears to be upcoming congressional debates concerning crucial legislation aimed at promoting a crypto-friendly agenda, alongside a surge in institutional demand for cryptocurrencies.
Earlier today, the price of Bitcoin passed the $120,000 milestone for the first time, marking a dramatic rise for the world's most popular cryptocurrency over the last three months.
One clear reason why crypto tokens may be up this week is that Congress is set to debate and possibly vote on various key pieces of legislation that are seen as advancing Trump's crypto-friendly agenda.
Read at Fast Company
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