Shiba Inu (SHIB) has been trending downward over the past week, losing nearly 5% of its value. The price went from $0.000009943 to $0.000009492. The downward trend is somewhat in line with Bitcoin, which is down nearly 3% this week. Ethereum, on the other hand, has performed well, appreciating 3.5% in the last week. Shiba’s decline may be the result of the latest consumer price index (CPI) data as well as more tokens getting burned or taken out of circulation. 

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What Happened?

After a strong month, Shiba Inu retraced a bit, losing nearly 5% this week. This may be the result of…

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