Shiba Inu Hits ‘555’ Price Point as Crypto Markets See Heavy Sell-Off
The post Shiba Inu Hits ‘555’ Price Point as Crypto Markets See Heavy Sell-Off appeared on BitcoinEthereumNews.com.
Shiba Inu tested the $0.00000555 level at one point early Saturday as cryptocurrencies intensified an earlier sell-off. Shortly after testing the $0.00000555 price point, Shiba Inu further fell to an intraday low of $0.00000544, near where it trades at press time. Cryptocurrencies extended an earlier drop on Friday after a report showed U.S. producer prices rose more than expected, suggesting that inflationary pressures remain, reinforcing bets that the Federal Reserve might remain on hold for the time being. Crypto Market Review: Bitcoin’s $70,000 Guarded Like Treasure, Will Shiba Inu Have Bullish March? Ethereum Breaks Above 100-Day Threshold XRP Volume Rises 212%, Bitcoin ETFs Back in Demand With $506 Million, Dogecoin Price Reclaims $0.10 — U.Today Crypto Digest At the time of writing, SHIB was down 6.43% in the last 24 hours to $0.00000543 following a broader market sell-off, which saw $515 million worth of crypto positions liquidated in the same time frame. SHIB/USD Daily Chart, Image By: TradingView The losses pushed most major tokens into the red on a weekly basis, with Shiba Inu extending its seven-day losses to 16.03%. You Might Also Like Shiba Inu team member Lucie reacts to the ongoing market sell-off, citing three reasons for the drop. Lucie named hotter than expected data, AI and tech stocks pullback and rising macro concerns as key triggers that contributed to the ongoing market sell-off. Lucie highlights the big picture, describing the market sell-off as “a classic risk-off day.” The Crypto Fear and Greed Index remains in extreme fear at 14, indicating cautious sentiment across the market. Lucie added that “When fear rises, crypto feels it harder than most.” What’s next? The RSI, especially on lower time frames, has entered deeply oversold levels, below 30. This indicates the possibility of a relief rally or a dead cat bounce at…
Filed under: News - @ February 28, 2026 2:23 pm