Here's Why Shiba Inu Barked 3% Higher Today
Meme coin Shiba Inu (CRYPTO: SHIB) has posted another green day ahead of a highly anticipated Federal Reserve announcement tomorrow, which could impact a broad range of assets, including cryptocurrencies.
As of 4:45 p.m. ET, this project's native token has risen 3.2% since the markets closed yesterday. That's a decent move that outperforms the returns of all major indexes on the day, suggesting that investors and those betting on macro movements tomorrow are taking on a dovish tilt.
Of course, we'll have to wait to see what's ultimately announced. This upcoming decision (or more aptly, the commentary in the press conference to follow) will provide direction on the path of interest rates heading into 2026. That's pivotal for interest rate-sensitive assets meme traders focus on as trading vehicles, with Shiba Inu among the most pivotal of this group.
Source Fool.com
