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Shiba Inu jumps 24% amid crypto rally and easing oil prices, eyeing $0.00001 mark

Market News
23 Sep 2026
Tokenpost
View Source
Bullish
Shiba Inu jumps 24% amid crypto rally and easing oil prices, eyeing $0.00001 mark

Shiba Inu (SHIB) surged 24% over the past week, climbing back above $0.0000061 as a broader cryptocurrency recovery pushed Bitcoin above $86,000. The rally is supported by falling oil prices following Iran's proposal to open the Strait of Hormuz, which could ease inflation and support lower interest rates, boosting demand for riskier assets like SHIB. However, risks remain due to recent Federal Reserve rate hikes and the U.S. Senate rejecting the CLARITY Act, which could dampen speculative investment appetite amid weak economic conditions. SHIB aims to reach $0.00001, which would simplify its quoted value by removing a zero.

Shiba Inu's market cap stands at Rp62.74 trillion as of Sep 23, 2026, 19:32 WIB, with a 24-hour trading volume of Rp2.31 trillion on Pluang. Despite the recent weekly rally mentioned in the article, SHIB's price on Pluang shows a modest 1-day increase of 0.09% at Rp0.107. Bitcoin, meanwhile, trades at Rp1,520,155,274 with a 1-day decline of 1.11%, holding a market cap of Rp30.58 trillion and a 24-hour volume of Rp665.09 trillion, reflecting mixed momentum in the crypto market.

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