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Bitcoin's Price Volatility Continues Amid US Government Shutdown

Bitcoin's price rollercoaster continues. The US government shutdown is adding fuel to market volatility.

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1 min read
In this picture, we see the coin in gold and brown color. We see some text written as "The United...
In this picture, we see the coin in gold and brown color. We see some text written as "The United States Of America". It might be a money coin. In the background, it is brown in color and it looks like a carpet.

Bitcoin's Price Volatility Continues Amid US Government Shutdown

Bitcoin's btc price has been volatile this morning. After dipping below $125,000, it recovered slightly. Meanwhile, the US government shutdown, due to Congress not approving the budget, has caused market fluctuations.

Bitcoin's btc price journeyed from $125,300 at 7:50 AM Moscow time to $124,900 by 10:25 AM, a 0.3% decrease. It briefly dipped below $125,000 at 9:20 AM. The daily trading volume reached $55.28 billion, indicating high market activity.

The US government shutdown, triggered by the House of Representatives' failure to pass a $1.7 trillion budget, has had market repercussions. Wall Street futures decreased, gold prices rose, and the dollar weakened. The partial shutdown also impacted economic data publications and military personnel's pay.

Bitcoin's btc price has stabilised around $125,450 after a morning of volatility. The US government shutdown continues to influence markets, with potential impacts on economic data and military personnel. The total market capitalization of cryptocurrency stands at $2.49 trillion, with 19.93 million BTC in circulation.

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