Shiba Inu Price Drops 10% as Market Sentiment Weakens

Shiba Inu (SHIB) has fallen below the $0.000005 level amid a broader market downturn. The decline follows the US Senate's rejection of the CLARITY Act and a general decrease in investor risk appetite. Potential interest rate hikes by the Federal Reserve, signaled by recent hawkish commentary and economic data, are further pressuring memecoins. While analysts remain optimistic about a potential market recovery by the end of 2026, driven by Bitcoin (BTC) reaching $100,000, SHIB faces significant short-term volatility.