US EditionBitcoin (BTC) Price News: Rally Stalls Amid Looming U.S. Government Shutdown
9 Articles
9 Articles
Bitcoin (BTC) Price News: Rally Stalls Amid Looming U.S. Government Shutdown
The bounce in crypto markets mostly stalled on Tuesday with the U.S. government on track to shut down at midnight Eastern time.Bitcoin (BTC) — after earlier having slid about 2% from overnight highs near $115,000 - managed a late afternoon rally to $114,300, up marginally from 24 hours ago. Ether (ETH) traded just above $4,100, sliding 1.3% during the same period.Most tokens in the broad-market benchmark CoinDesk 20 Index posted declines, with A…
Bond Market Signals Investor Anxiety Amid Shutdown Threats
Markets are grappling with a cocktail of uncertainties, and the bond market is sending clear signals that investors are on edge. The yield on the 10-year Treasury note has been falling, a classic flight-to-quality move as investors seek the safety of government bonds. This nervousness is largely tied to the looming specter of a government shutdown, a scenario that could have real economic… Source
While Washington is approaching a government standstill, the markets are preparing for the impact. Nearly 900,000 federal workers are expected to be facing forced leave and important economic data, which is likely to increase uncertainty.The big question now: Will the Bitcoin price act as a safe haven against political dysfunction or be pulled down with the broader economy?Bitcoin News: The political standstill and market anxietyUS stalemateThe …
Crypto Market Stalls as U.S. Government Shutdown Looms, Bitcoin Holds Near $114K
The cryptocurrency market lost momentum on Tuesday as the U.S. government moved closer to a midnight shutdown deadline. Bitcoin (BTC) hovered around $114,300 after slipping from overnight highs near $115,000, while Ether (ETH) traded just above $4,100, down 1.3% in the past 24 hours. Most altcoins also faced losses, with Avalanche (AVAX), Uniswap (UNI), and NEAR leading declines in the CoinDesk 20 Index. In traditional markets, gold extended its…
The U.S. government seems to be heading towards a shutdown of its administration, faced with a lack of agreement with the Democrats on the question of the budget. A situation that could have an impact on the cryptocurrency market. We are taking stock. The U.S. government's article Shutdown - What consequences for the crypto market ? appeared first on Cryptoast.
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