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Why the Price of Shiba Inu Is Down Today

Bram Berkowitz, The Motley Fool
·2-min read
Why the Price of Shiba Inu Is Down Today

The price of Shiba Inu (CRYPTO: SHIB) had fallen more than 15% over the last 24 hours as of 10:37 a.m. ET today, in line with moves seen in the broader cryptocurrency market. Cryptocurrencies got hammered over the weekend, with the price of Bitcoin (CRYPTO: BTC) at one point plunging to around $42,000 briefly before coming back up to around $48,000. "This crash in the market definitely shows us that bitcoin isn't fully decoupled from the global markets," Marcus Sotiriou, a trader at digital asset firm GlobalBlock, told CNN.

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