Shiba Inu (SHIB) Price Suddenly Spikes 14% The price of popul | https://t.me/Doge_ShibaInu

Shiba Inu (SHIB) Price Suddenly Spikes 14%

The price of popular meme coin Shiba Inu (SHIB) has spiked almost 14% within one hour and 25 minutes, reaching an intraday high of $0.0000087 on the Binance exchange. The cryptocurrency recovered together with the rest of the cryptocurrency market.

As reported by U.Today, the Federal Open Market Committee (FOMC) announced a 75 basis point hike earlier today for the first time since 1994. The committee has highlighted its determination to get inflation under control after the consumer price index (CPI) reached the highest level in over four decades in May. The meme coin is down 90.28% from its record high after greatly underperforming in 2022 together with other risk assets.

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@Doge_ShibaInu