Why Is Dogecoin Shooting Up 10% Today?

Dogecoin DOGE/USD has experienced a 10% surge in the past 24 hours, surpassing its rival Shiba Inu SHIB/USD, as the overall market enters a green zone amid the optimism surrounding Bitcoin BTC/USD ETFs.

What Happened: The month of October seems to have ushered in a positive wave, with Bitcoin’s price smashing through the $34,000 barrier for the first time since May of the previous year. This increase reflects a staggering 14% gain within a day.

The sudden spike in Bitcoin’s price occurred on October 23, propelling BTC to rise over 10% from $31,000 to briefly touch $34,000, before settling at its current price of $34,752, based on data from CoinMarketCap. This rally triggered a wider…

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