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Why Shiba Inu Is Falling Today

TheMotleyFool

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Since late afternoon Friday, the price of Shiba Inu (CRYPTO: SHIB) traded close to 7% lower, as of 11:53 a.m. ET today. There is no obvious reason behind the move, but the token is likely struggling along with the broader crypto market.

Coming off a dovish speech from Federal Reserve Chair Jerome Powell on Friday in Jackson Hole, many would have expected cryptocurrencies to be surging right now because the sector has historically benefited from lower interest rates.

Image source: Getty Images.

Source Fool.com

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