Bitcoin rises as investors seek a global safe haven amid shutdown
CNBCยท2025-10-01 11:29
Bitcoin ticked higher on Wednesday while most other risk assets fell after U.S. lawmakers failed to reach a government funding agreement, leading to a shutdown.The move showed the evolving view of the cryptocurrency to a store of value during dysfunctional geopolitical times, not unlike gold, which rose to a record on Wednesday.The flagship cryptocurrency traded around 2% higher on the day at $116,598. The U.S. government shut down at midnight after a Senate bill to keep the government funded did not garner ...