Crypto markets hold firm as U.S. government shutdown begins

The ￰0￱ went into official shutdown at 12:01 a. m. Wednesday, after Congress failed to pass funding ￰1￱ non-essential federal employees are being furloughed and many services are suspended for the time being, essential functions will keep ￰2￱ crypto market is seemingly unaffected by the ￰3￱ digital asset capitalization is holding above the $4 trillion threshold recaptured earlier this ￰4￱ continued its two-day rally, rising from approximately $108,650 to around $114,000 before easing slightly back ￰5￱ has surged to $4,300, registering notable ￰6￱ had modest losses, in line with recent ￰7￱ noted a bullish double bottom on Bitcoin’s chart, which is always seen as a sign of bigger ￰8￱ platforms saw some short liquidations of $300-400 million in two days, intimating that over-leveraged traders were caught off ￰9￱ the shift, volumes of trade are still relatively low compared with earlier this ￰10￱ shutdowns show Bitcoin’s mixed past The ongoing standoff in Washington has direct implications for crypto ￰11￱ Securities and Exchange Commission (SEC), already struggling with pressure over its handling of digital asset approvals, will be compelled to operate with a reduced ￰12￱ the necessary enforcement will proceed, rulings on long-expected spot altcoin ETFs are getting more ￰13￱ day of the shutdown is pushing back approvals that could impact market ￰14￱ trends show mixed results for Bitcoin due to past ￰15￱ October 2013, a 16-day closure caused Bitcoin’s value to increase by 14% from $132 to $151.

In contrast, the 35-day shutdown that began in December of 2018 saw prices drop by 6% amid a broader bear ￰16￱ head of research, Julio Moreno, pointed out that market conditions are more like 2013 than 2018, as Bitcoin is now in a bull cycle and demand is ￰17￱ investor Ted Pillows, however, warned of volatility throughout the shutdown period, with even equities and digital assets not immune from short-term pullbacks. “I reckon this week it may cause significant volatility,” he ￰18￱ trends point to year-end upside In addition to the short-term political risk, Bitcoin has seasonal factors on its side during the last quarter of the ￰19￱ average Q4 returns have exceeded 53% since 2015 whenever Bitcoin completed September in positive territory.

Historically, October has been the best month, with an average of 21.8% ￰20￱ network economist Timothy Peterson noted that almost 60% of the cryptocurrency’s annual performance is after October 3, which is usually through ￰21￱ expired after Senate votes failed to advance from both partie s Tu esday ￰22￱ called for alterations to Medicaid cuts and healthcare tax credits, and Republicans balked at ￰23￱ Minority Leader Chuck Schumer blamed Republicans for refusing to negotiate, and Vice President JD Vance blamed Democrats for failing to ￰24￱ deadlock is the 21st ￰25￱ shutdown since ￰26￱ Bybit now and claim a $50 bonus in minutes