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Why Shiba Inu Is Plummeting Today

TheMotleyFool

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Shiba Inu (CRYPTO: SHIB) has been falling rapidly Thursday. The cryptocurrency's token price had sunk 7.3% over the past 24 hours of trading as of 6:20 p.m. ET. Meanwhile, Bitcoin was down 3.4%, and Ethereum was down 4.5%.

The cryptocurrency market is getting hit with a wave of bearish trading today, and Shiba Inu is participating in the selling momentum. The meme coin is seeing pullbacks in response to news about interest rates, and there may also be another big factor at play.

Image source: Getty Images.

Source Fool.com

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