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Shiba Inu (SHIB) seems to be recovering from its slump. The dog-themed cryptocurrency is up by 1% in the daily charts, 4.6% in the weekly charts, 10% in the 14-day charts, 38% over the previous month, and nearly 160% since October 2023. Source: CoinGecko Also Read: Who Will Attend BRICS Summit 2024? Key Leaders Confirmed Why Is Shiba Inu Rallying? Source – Token Metrics SHIB’s resurgence could be due to Bitcoin (BTC) reclaiming the $67,000 level and the global market cap rising to $2.42 trillion. October has historically been a bullish month for the crypto industry, and the current market trajectory follows this historical trend. Also Read: Amazon Inks New AI Partnership: AMZN Set for October Surge? The market rally, including SHIB’s, could also be due to the US elections inching closer. Many anticipate Donald Trump to return to the White House after a four-year absence. A Trump victory could lead to a market-wide rally for the cryptocurrency industry. Investors may be...

2024 is considered one of the most critical years for Bitcoin (BTC). The asset hit an all-time high back in March and is waiting to reap the benefits of the halving. Amidst this, the community has looked into BTC’s potential rise or fall following the U.S. elections. However, the real question is whether geopolitical events will impact the king coin. Also Read: US Government Spent $1 Trillion in 2024 on National Debt Interest Payments The Impact of U.S. Elections on Bitcoin (BTC) Cryptocurrency’s Role In The U.S. Presidential Campaign Cryptocurrency has played a massive role in the U.S. presidential campaign. Donald Trump’s renewed interest in the industry turned heads. While some accused him of using Bitcoin to impress the industry, others lauded the former President for his pro-crypto stance. Kamala Harris, however, doesn’t seem all that inclined towards Bitcoin. As a result, the upcoming elections in November are considered pertinent for the market. Market’s Prefere...