Following the budget crisis in the USA, the budget bill failed to receive approval and the US government officially shut down after 7 years. At this point, due to the impact of the lockdown, many employees will be put on unpaid leave and the publication of key economic indicators such as employment and Gross Domestic
Bitcoin (BTC) was trading at $117,00 as of press time, up 3.3% over the past 24 hours, driven by a weakening US dollar amid a government shutdown. Unsettled investors are inclined toward a more dovish rate path, which led BTC to reclaim $114,000 and continue climbing as an “instability hedge” bid that often appears when
Following the government shutdown in the US, gold and Bitcoin (BTC) are facing off again as investors seek a safe haven. Analyst Frank Cappelleri, while evaluating the current picture, stated that gold has entered the overbought region even though it exhibits a strong trend technically, while Bitcoin is preparing the ground for a new rise.
Two members of Sweden’s parliament, the Riksdag, have proposed that the country investigate establishing a strategic Bitcoin reserve to tackle inflation and diversify its holdings. They also want the government to promise it won’t change the legislation governing the monetary policy of Sweden’s central bank, to show it doesn’t intend to introduce a digital central
Key Takeaways Bitcoin reached $119,000 today, extending its recent rally. Analysts note that a green (positive) September close often leads to a strong October rally for Bitcoin. Bitcoin reached the $119,000 milestone today, marking a major price milestone for the flagship cryptocurrency. The digital asset is showing patterns similar to previous cycles, with analysts noting
Bitcoin BTC$118,827.65 jumped to its highest in over two months as the U.S. government shut down operations, likely setting the stage for a positive fiat liquidity impulse. The leading cryptocurrency has risen nearly 4% in the past 24 hours, with prices briefly rising to $119,455 for the first time since mid-August, CoinDesk data show. Other
Bitcoin may be positioned for a steep rally in the final quarter of 2025, with prices potentially climbing as high as $200,000 if demand momentum continues, according to onchain analytics firm CryptoQuant. The firm stated that spot demand has been rising sharply since midsummer, averaging more than 62,000 BTC in net inflows per month. It
Stocks printed fresh records and gold is on a tear crossing $3,900, but the last leg higher in traditional markets left bitcoin BTC$117,542.20 behind. The largest crypto, often touted as digital gold, has been stuck in a $100,000–$120,000 range for nearly three months after setting new highs in July and August. The lag fits a
October opened with a risk spike as the US government shut down, yet Bitcoin (BTC) pushed higher alongside other majors while gold printed fresh records. As of press time, Bitcoin traded at $117,402.84, up by 3% in the past 24 hours. The immediate read is classic “chaos bid.” Yet, beneath the knee-jerk, there’s a more
The recent technical picture for Bitcoin presents a tug-of-war between short-term momentum and macro necessity. While the bulls are aggressively defending support and pushing toward the $117,000 resistance area, the yet-to-be-filled CME gap hangs over the market. This historical pattern suggests that although the price action is bullish, a mandatory downside move may be required