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Shiba Inu’s Market Cap Slips Below $6 Billion Amid Market Bloodbath


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Alex Dovbnya

Shiba Inu is struggling to buck the broader bearish trend, with its value now slipping below $6 billion

The market capitalization of Shiba Inu (SHIB) is down 5.8% over the past 24 hours, according to CoinGecko data. 

The second most popular cryptocurrency is now valued at less than $6 billion. 

SHIB is now down 88.20% from its all-time high of $0.000086 which was achieved last October.     

As reported by U.Today, the price of Bitcoin recently crashed to a new yearly low of $17,114 due to the FTX contagion. 


The total crypto market cap now stands at $954 billion,  


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