Crypto markets hold firm as U.S. government shutdown begins

Crypto markets hold firm as U.S. government shutdown begins

By Cryptopolitan
Crypto markets stay strong despite the U.S. government shutdown, with Bitcoin near $114K, Ethereum above $4K, and total cap steady at $4T.

Article Details

**Crypto Markets Defy U.S. Government Shutdown, Bitcoin Surges Near $114K**

Cryptocurrency markets demonstrate remarkable resilience as the U.S. government shutdown fails to dampen digital asset performance. Bitcoin maintains its bullish trajectory, trading near the significant $114,000 resistance level, while Ethereum holds strong above the psychological $4,000 threshold. The total cryptocurrency market capitalization remains stable at an impressive $4 trillion, showcasing investor confidence in blockchain technology despite political uncertainty.

This market stability highlights the growing maturation of digital assets and their perceived independence from traditional government operations. Bitcoin's price action near six-figure levels reinforces its position as a store of value, while Ethereum's sustained strength above $4K demonstrates continued demand for DeFi and smart contract platforms.

The cryptocurrency sector's ability to maintain momentum during government instability underscores the decentralized nature of blockchain networks and their appeal as alternative financial instruments. Institutional investors appear unfazed by Washington's political gridlock, with trading volumes remaining consistent across major crypto exchanges. This resilience positions digital assets as increasingly viable hedges against traditional financial market volatility and governmental disruptions.

Article Details

Market Sentiment
negative
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Bitcoin#Ethereum#Regulation#Market

Additional Information

Featured Article
⭐ Featured

Read the Full Article

Continue reading this article on Cryptopolitan

Read Full Article

Source: Cryptopolitan

Type: Article

Continue Reading

Stay informed with more cryptocurrency news and insights

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon
generalNegative

Binance CEO Pushes Back on Claims of Promoting Trump Stablecoin Before CZ Pardon

TL;DR Binance CEO denies promoting Trump's stablecoin. The allegations involve a $2 billion investment in MGX. Senator Elizabeth Warren denounced thes...

Crypto Economy1 min
Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case
generalNegative

Crypto Industry Watches Closely as Prosecutors Seek Five-Year Term in Samourai Case

TL;DR US prosecutors are seeking the maximum five-year sentence for the co-founders of Samourai Wallet. They are accused of laundering $237M, although...

Crypto Economy1 min
U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks
generalNegative

U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks

The U.S. Treasury has imposed fresh sanctions on a group of North Korean bankers and institutions accused of laundering millions in cryptocurrency tie...

Coindesk1 min
Arthur Hayes: America's ‘Repo Market Voodoo' Could Be a Blessing for Crypto
generalPositive

Arthur Hayes: America's ‘Repo Market Voodoo' Could Be a Blessing for Crypto

TL;DR Arthur Hayes argues that the US government's repo-based funding model expands the dollar supply without calling it QE, which may support crypto ...

Crypto Economy1 min
Binance-backed startup accused of wallet manipulation in APR token airdrop
generalNegative

Binance-backed startup accused of wallet manipulation in APR token airdrop

aPriori, the trading startup backed by Binance founder Changpeng Zhao's venture firm YZi Labs is facing allegations of a Sybil attack in its recent to...

Cryptopolitan1 min
Stream Finance Stablecoin Plunges 77% After Protocol's Fund Manager Loses $93 Million
generalNegative

Stream Finance Stablecoin Plunges 77% After Protocol's Fund Manager Loses $93 Million

Stream's collapse shows operational risk extends beyond smart contracts to fund managers and custody, an expert told Decrypt....

Decrypt1 min