Bitcoin and Shiba Inu (SHIB) both rose in January, and entering February, they presented a rare double bull pattern. Historically, these two assets have only experienced positive returns simultaneously once in February 2022. Although Bitcoin has traditionally performed better in February with an average return of +14.3%, Shiba Inu's performance has been more volatile, soaring 41.3% in February 2024. However, the SHIB/BTC weekly chart shows that since the end of 2021, the value of SHIB relative to Bitcoin has dropped over 93%, indicating that the likelihood of these two assets continuing to rise this month is low.
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Bitcoin and Shiba Inu (SHIB) both rose in January, and entering February, they presented a rare double bull pattern. Historically, these two assets have only experienced positive returns simultaneously once in February 2022. Although Bitcoin has traditionally performed better in February with an average return of +14.3%, Shiba Inu's performance has been more volatile, soaring 41.3% in February 2024. However, the SHIB/BTC weekly chart shows that since the end of 2021, the value of SHIB relative to Bitcoin has dropped over 93%, indicating that the likelihood of these two assets continuing to rise this month is low.