Bitcoin (BTC) hit a new all-time high of $116,818 earlier today, July 11, 2025. BTC’s climb to a new peak has triggered a market-wide rally. Most other crypto assets have experienced a healthy rebound after months of struggle. Shiba Inu (SHIB) is also following the breakout pattern. The dog-themed crypto is up 9.1% in the daily charts, 15.5% in the weekly charts, 20.3% in the 14-day charts, and 2.6% over the previous month. Despite the upswing, SHIB continues to glow red in the yearly charts. The asset is down by 17.3% since July 2024.
Can Shiba Inu Reclaim $0.00002 After Bitcoin’s Rise to $116,000?
If the crypto market continues its upward momentum, there is a high possibility that SHIB could reclaim the $0.00002 price level. The asset has not traded at $0.00002 since January of this year. SHIB rose to $0.00003 in early December 2024. Since December of last year, SHIB’s price has gradually fallen.
Shiba Inu’s (SHIB) latest rally is most likely a byproduct of Bitcoin (BTC) rising to a new high. BTC’s rally, on the other hand, could be due to consistent institutional inflows. Institutional money is key in driving an asset’s price. BTC has also seen a lot of corporate treasury interest. About 21 firms have announced plans to invest around $3.5 billion in Bitcoin treasuries.
Shiba Inu (SHIB) may face resistance at the $0.000014 level. Breaching the $0.000014 price point could propel the asset to the $0.00002 mark.
Also Read: Shiba Inu on Brink of Breakout With One Major Catch Holding It Back
While we may experience a market upswing at the moment, there is a possibility of a correction sometime in September or October of this year. The correction could step from BTC’s halving pattern. How the market reacts is yet to be seen.
Shiba Inu (SHIB) may also continue to rally if the Federal Reserve decides to cut interest rates. A rate cut could lead to further investments in risky assets, such as cryptocurrencies.
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