Shiba Inu (SHIB) Drops 6.7% Amid Market Volatility

2025-09-23 03:01

Shiba Inu (SHIB) has seen a sharp decline, falling 6.7% in the last 24 hours as the cryptocurrency market undergoes a significant correction. Analysts from CoinCodex predict SHIB may stabilize around $0.000012, with a potential rise to $0.00001384 by late October. The market's volatility is partly attributed to uncertainty surrounding the Federal Reserve's monetary policy, with attention on Jerome Powell's upcoming speech on September 23. A dovish approach could aid a SHIB recovery, while a hawkish stance might lead to further declines.

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