Shiba inu was one of Friday’s biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high.

Shiba inu (SHIB) was one of Friday’s notable movers, as the meme coin moved to a six-week high. Following a low of $0.000009227 on Thursday, SHIB/USD raced to an intraday peak of $0.000009711 earlier in today’s session. As a result of today’s surge, the meme coin hit its highest point since December 5, when it traded as high as $0.00001016.

Ethereum classic (ETC) was another big gainer in today’s session, with prices moving closer to a two-month high. ETC/USD rose to a high of $21.76 earlier in the day, less than 24 hours after hitting a bottom at $20.02. This move pushed the token to its strongest level since November 10, when ETC hit a resistance of $23.00.