According to statistics from CoinGecko, the market capitalization of Shiba Inu (SHIB) has decreased 5.8% over the last day.
The value of the second-most popular cryptocurrency is just under $6 billion.
From its all-time high of $0.000086 set in last October, SHIB is currently down 88.20%.
According to BitcoinWorld, the FTX contagion caused the price of Bitcoin to recently drop to a new yearly low of $17,114.
The current market cap for all cryptocurrencies is $954 billion.