Could Shiba Inu (SHIB) Be Hit by Recession Fears? Retail Spending Concerns Signal Potential Price Drop

Shiba Inu (SHIB) price has faced a decline as investors react to the growing economic uncertainty, with retail executives warning of reduced consumer spending on discretionary purchases. The current consumer sentiment is marked by caution due to inflationary pressures and looming tariffs, which could significantly impact household budgets and subsequently affect crypto markets like SHIB.