Crypto Market Reacts as U.S. Government Shutdown Begins, Can the Uptober Rall...
The U.S. government officially entered a shutdown at 12:01 a.m. ET, and markets, including crypto, immediately recalibrated in response to uncertainty. U.S. equity futures slipped, the dollar extended its losing streak, and gold punched to fresh records near $3,875/oz as investors sought safety. Related Reading: Ethereum Usage Skyrockets With Unprecedented Daily Transaction Growth Amid Market […]
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As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, including providing Americans with the second round of direct payments, the government is facing a shutdown, which could be prevented if lawmakers can pass a spending bill before the Dec. 11 deadline. Congress returned to....
The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs. For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown […]
Bitcoin just broke the $125K ATH this Sunday, trading at $125,376.68 on CoinMarketCap for a short period before contracting slightly. However, momentum didn’t wear off. Bitcoin is still hovering around $124K, which suggests consolidation before the next push. The main catalysts? Trump’s recent government shutdown is the most impactful, causing fear and uncertainty due to […]
The total cryptocurrency market cap hit an all-time high of $4.17T on August 14. Since then, however, it’s been locked in a tight consolidation range between $3.5T and $4T. Recently, it dropped sharply, falling around 9% in just 7 days between September 18 and 25, raising concerns over whether ‘Uptober’ is off the cards. That […]
$XRP has bounced back above the $2.90 support, giving bulls fresh momentum heading into Uptober. Traders are eyeing a possible run toward $3.65 and even $4.50 if resistance levels give way, though a dip toward $2.25 remains on the table if bears push back. Market data shows demand heating up, with futures interest climbing to […]