Why Shiba Inu Is Down Today

·2 min read
Why Shiba Inu Is Down Today

Over the last 24 hours, the price of Shiba Inu (CRYPTO: SHIB) had fallen roughly 6% as of 1:55 p.m. ET today for no obvious reason, although investors look to be taking a breather after a strong rally in recent days. Last Thursday, Shiba Inu traded at $0.00000856 at its low for the day. Last week was extremely volatile for cryptocurrencies, as the price of Bitcoin briefly dipped below $26,000 multiple times and the collapse of the algorithmic stablecoin TerraUSD spooked investors.

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