Some experts believe that the publication of the report on the growing trend of job creation in the American economy encouraged many professional oscillators to use the available opportunity to create a positive price wave in the cryptocurrency market; Because the improvement of the US labor market conditions can remove the doubts of the Federal Reserve to raise the interest rate.
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The price of digital currency Shiba Inu (SHIB) increased by 12% during trading on Tuesday and for an hour its weekly price growth reached 52%.
Prior to last week's price jump, the price of each Shiba Inu had fallen 75% from its record high of US$0.00008616 in October trading.
Each Shib memecoin traded as high as US$0.00003277 on Tuesday, bringing its market cap to $17.9 billion, making Dogecoin the 13th largest cryptocurrency in the world by market capitalization.
