# Shiba Inu Reclaims $0.0000061 After 24% Weekly Rally

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/23251
Published: 2026-09-23T12:12:35.000Z
Updated: 2026-09-23T12:12:35.000Z

Shiba Inu (SHIB) gained 24% over seven days and moved back above $0.0000061 as a broader cryptocurrency recovery lifted Bitcoin (BTC) above $86,000.

SHIB gained an additional zero after its decimal point in 2025 and is now attempting to reach $0.00001 again. A move to $0.00001 would remove one zero from its quoted value.

The broader market recovery coincided with a decline in oil prices after Iran proposed opening the Strait of Hormuz if its demands are met. Lower oil prices could ease inflation pressures and support expectations for lower interest rates, which often improve demand for higher-risk assets.

Risks remain for SHIB and other memecoins. The Federal Reserve raised interest rates by 25 basis points earlier this month, a move that could reduce demand for speculative assets.

The U.S. Senate voted against passing the CLARITY Act, legislation that may have provided greater security for cryptocurrency investors. Poor economic conditions have further weakened risk appetite, leaving SHIB’s latest advance exposed to broader market conditions.