Over the past 24 hours, the price of the Shiba Inu (SHIB) cryptocurrency has increased by 81%. During the week, this figure was +141%, according to CoinMarketCap data. There is also an unusual movement in other meme cryptocurrencies, including Dogecoin (DOGE), which has gained 24% in the last day and 79% in a week.

This trend has affected not only playful crypto assets. For example, Bitcoin Cash (BCH), the largest fork of bitcoin, has grown by 26% in the last 24 hours, and by 49% in a week.

While the situation remains stable among large cryptocurrencies. The price of Bitcoin (BTC) has barely changed in 24 hours, while Ethereum (ETH) has gained 1%. However, during the week, both leading cryptocurrencies showed growth of 21% and 15%, respectively.

The total capitalization of cryptocurrencies increased by 2.4% and reached $2.34 trillion. Investor sentiment remains at a high level, which is confirmed by the Fear & Greed Index, which is at the level of extreme greed - 86 out of 100 points.

However, trading activity in the crypto market shows a decrease. During the day, volumes decreased by 17% and amounted to $111 billion.

Among the positive news that can support the market, it is worth highlighting the entry into the Bitcoin ETF market from the Vanguard fund. Unlike some other major players such as ARK and BlackRock, Vanguard has previously held a conservative position regarding cryptocurrency ETFs. However, with CEO Tim Buckley's impending departure, it may be time for a change.