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Shiba Inu’s Market Cap Drops Below $6 Billion

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.

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