From Nasdaq: 2025-01-07 17:11:48

Shiba Inu (CRYPTO: SHIB) experiences an 8.2% drop in token price over the last 24 hours, following a broader cryptocurrency market sell-off triggered by concerns over inflation and interest rates. New data from the U.S. Bureau of Labor Statistics shows a rise in job openings, raising worries about economic activity and inflation.

Investors fear that inflationary pressures could lead to slower interest rate cuts, negatively impacting Shiba Inu and other cryptocurrencies. The rollout of the SHIB: The Metaverse platform may influence token prices, offering a potential catalyst for the cryptocurrency’s performance in the future. Now may be a good time to consider investing in promising stocks for potential growth opportunities.



Read more at Nasdaq: Why Shiba Inu Is Plummeting Today