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US Shutdown Dents Crypto Markets: Will Crypto Recover? What Happened to BTC USD Last Shutdown
Yahoo Financeยท 2025-10-01 22:01
Core Insights - The U.S. government shutdown has created uncertainty in the markets, impacting both traditional and digital assets, with Bitcoin trading around $116,000 as traders prepare for potential data blackouts and a less clear Federal Reserve path [1][4] - Gold reached a new all-time high of approximately $3,895 per ounce, driven by a weaker dollar and increased demand for safe-haven assets amid market volatility [2][4] Market Reactions - Bitcoin's price fluctuated between $116,000 and $117,000, while altcoins showed mixed performance, indicating a cautious market sentiment [4] - The shutdown is expected to delay key economic reports, including non-farm payrolls, which could further complicate market conditions and trading strategies [3][5] Historical Context - Past government shutdowns have shown varied impacts on Bitcoin; for instance, during a 16-day shutdown in 2013, Bitcoin surged by approximately 1,014%, while a 35-day shutdown in 2018-2019 saw a decline of about 610% [6]