Shiba Inu Falls Below $0.000005 Amid Market Crash, Fed Rate Fears

Shiba Inu (SHIB) has slipped below the $0.000005 level again as the broader crypto market experiences a steep downturn. According to CoinGecko data, SHIB lost 5.5% in the past 24 hours and nearly 10% over the last week, though it remains up more than 10% month-over-month.

The latest sell-off followed a US Senate vote against the CLARITY Act, which sent Bitcoin tumbling to $75,000 after briefly touching $81,000. Consequently, risk appetite among investors has evaporated, hitting highly speculative assets like meme coins particularly hard. Federal Reserve Chair Kevin Warsh’s hawkish speech at the Jackson Hole meeting, combined with strong August jobs data, has reinforced expectations that the Fed may raise interest rates later this month. Higher rates typically push capital away from risky bets, and Shiba Inu could suffer further as a result.

Meanwhile, some analysts see a brighter outlook later this year. Bernstein predicts Bitcoin will reclaim the $100,000 level by end of 2026, a move that could ignite a broad crypto bull run. Under that scenario, Shiba Inu might recover to the $0.00001 price level.

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