Why Shiba Inu Was Sinking by Almost 5% Today

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On Monday, Shiba Inu (SHIB) wasn’t performing well. By late afternoon, the meme coin had dropped almost 5% in value over the past day. It struggled to keep up as most cryptocurrencies declined, largely due to increasing political and economic concerns.

A bearish day for cryptos

Bitcoin had a tough day on Tuesday, falling in value because of existing worries and investors deciding to cash in on recent gains. Other cryptocurrencies, known as altcoins, also experienced similar declines.

I’m increasingly concerned about the ongoing federal government shutdown. Right now, it doesn’t look like Democrats and Republicans are going to reach an agreement anytime soon – they seem completely stuck. President Trump has hinted he might be open to discussing healthcare funding, which is a major issue holding things up, but hasn’t offered any concrete details. This uncertainty is definitely weighing on the market.

The government does more than just build roads and enforce laws – it’s a key part of our nation’s economic health. Because so much of its work has stopped, this will likely harm both the U.S. and global economies.

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Exposed and vulnerable

As a stock market follower, I’ve noticed that while some people think cryptocurrencies can protect you during market swings, they actually get hit pretty hard *by* those same swings. It’s just natural – when things get volatile, most investors tend to move their money into safer investments, and unfortunately, crypto is often seen as a riskier play, so people pull out.

Look, as someone who’s been in the crypto game for a while, I’ve learned that meme coins like Shiba Inu are just incredibly volatile. Even compared to other cryptocurrencies, it swings wildly. So, it didn’t surprise me at all to see it falling faster than Bitcoin – that’s just the nature of the beast with those kinds of assets.

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2025-10-08 03:17