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Bitcoinist

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Why Did The Shiba Inu Price Crash 7%?

  • The Shiba Inu (SHIB) price crashed by 7% in the last 24 hours, alongside the drop in the broader crypto market.
  • The crash is attributed to the escalating Israel-Iran conflict, which has sparked fear and uncertainty in the market.
  • Shiba Inu's price is strongly correlated with Bitcoin, which also experienced a significant drop due to the conflict.
  • Despite the price decline, Shiba Inu whales continue to accumulate the meme coin, indicating confidence in its potential.

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