Bitcoin appears to have recovered slightly from a dip at the start of April which saw the price fall to $38,779 on Monday.
Cryptocurrency experts have pointed to a number of potential causes for the short-term hit suffered by the famously volatile coin, but the recent tax returns deadline seems like the most likely.
Investing in cryptocurrency can be an extremely risky business with sudden price swings for all but a few of the most stable coins.
Dogecoin is often termed as the first ‘meme coin’, meaning that it was originally launched as a satirical joke to mock the grand plans of Bitcoin and other early cryptocurrencies.
The success of Dogecoin has spawned a number of copycat coins, potentially rivals, which seek to benefit from the meme culture of cryptocurrency trading.
In a crazy 10-month spell in 2021 Shiba Inu rose by around 121,000,000%, but with nothing substantial to differentiate it from the scores of similar meme coins, there is little to suggest that a prolonged rise is on the cards.