Shiba Inu Eyes $0.000025 as Fed Rate Cut Sparks Bullish Rally

Shiba Inu (SHIB) Eyes Recovery as Fed Rate Cuts and Crypto ETFs Boost Bullish Momentum

  • Shiba Inu (SHIB) last traded above $0.000025 in December of last year.
  • SHIB’s price has dropped significantly in 2024, but it is showing early signs of recovery.
  • The recent 25 basis point interest rate cut by the Federal Reserve could lift SHIB’s value.
  • Additional rate cuts and potential approval of new crypto-based ETFs may increase institutional investment.
  • SHIB could reach or exceed $0.000025 if favorable market trends continue.

Shiba Inu (SHIB) was last valued above $0.000025 in December and has experienced a sharp decline since. The cryptocurrency is beginning to recover as the overall market enters a more bullish phase approaching the fourth quarter of this year.

- Advertisement -

According to recent data, SHIB trades at about 84.5% below its all-time high of $0.00008616. The U.S. Federal Reserve recently made a 25 basis point interest rate cut, its first policy reduction in 2025. Lower interest rates usually encourage investment in riskier assets because they reduce borrowing costs.

This rate cut may support the prices of cryptocurrencies like Shiba Inu (SHIB), as well as other memecoins. Market watchers expect the Federal Reserve to consider more rate cuts over the following months, which could further stimulate this sector.

Investor attention is also on the possible release of new exchange-traded funds (ETFs) focused on cryptocurrencies. According to the article, increased ETF inflows have already influenced recent market cycles. If more crypto-based ETFs launch soon, institutional investment could rise, benefiting assets like SHIB.

SHIB is popular for its past performance, especially during the 2021 market rally when some early investors achieved significant returns. The article notes that if current bullish trends hold, Shiba Inu (SHIB) could return to or move above the $0.000025 mark.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

DeFi surge, three hacks and MEV bot returns majority funds!!

Three separate DeFi attacks this week drained millions and prompted on-chain recovery efforts.Makina reported...

BitGo shares tumble 22% after $212M IPO; dip below $15 at 2B

BitGo shares fell nearly 22% on the second trading day after its IPO debut...

Intel Slides 17% After Q1 Guidance Miss; Supply Constraints.

INTC shares fell more than 17% on Friday after a quarterly report and weak...

Gold’s FOMO Drains Bitcoin: Prices Falling, Metals Rise Soon

The author argues that Bitcoin prices are likely to weaken because fewer groups need...

Paradex refunds $650,000 to 200 users after error in markets

Paradex refunded $650,000 to roughly 200 users after a maintenance error caused unintended liquidations.The...
- Advertisement -

Must Read

18 Countries With No Privacy Laws According To UN (List)

Privacy laws are legal frameworks designed to protect personal data from unauthorized access, misuse, or disclosure.Lack of privacy laws can lead to misuse of...
🔥 #AD Get 20% OFF any new 12 month hosting plan from Hostinger. Click here!