The new GOLD record and the US government’s fresh government closure on the edge of the abyss, where Bitcoin is hovering near $ 116,000 while merchants are preparing to capture power outages and the Foggier Fed path.
The United States entered the federal The government closed overnightQaqa markets around the world.
gold It rose to the highest level ever, while the dollar weakened, like Explain encryption traders whether or supporting digital assets will affect or support digital assets.
((Source: Coingecko))
Bitcoin commerce In the mid -$ 116,000, somewhat fixed a day, by the end of Wednesday.
There were wider unequal encryption shifts, and large hats were suffering from small gains and losses.
Gold reached the highest new level between $ 3,895 an ounce, as investors flocked to havens. The dollar has contributed less than its value and more negative chanting in shares in the supply, and the possibilities of reducing the October rate increased amid the printing of depressing special salaries.
“When the government is closed, the mood turns completely negative to the United States,” a mineral analyst He said Reuters, noting that the currency decreased and the shares decreased.
The closure also risks the delay in major economic reports, including the non -cultivated salary statements on Friday, leaving the markets with less signals to direct trading.
Reverse the price of the price in encryption is uncertain. Bitcoin exceeded between $ 116,000 and $ 117,000, while Altcoins left behind. Coindsk note in the market update that the closure provides “erosion of confidence and blind spots of data, and the conditions that can support fluctuations through risk origins.
Currently, traders are monitoring whether Gold of Gold reigns or whether Bitcoin can publish a safe novel on its own. The next test comes with upcoming data versions if they arrive on time.
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How was Bitcoin and Altcoins reaction with the closure of the previous US government?
Baron also Earnings in the early session in Bitcoin, Al -Atheer, Solana and XRP as merchants that put themselves around the financial predicament, but they said that long closure, slow inflation or job news can make the upcoming federal procedures more challenging.
In the case of non -fortified assets, such as gold and cryptocurrency, the average transparency is a major driving factor.
There is no regularity in the previous episodes. The 16 -day closure in 2013 witnessed Bitcoin’s increase by about 1,014 percent, as the appetite of risk returned later that month.
A more modern case, which is blocked for 35 days in 2018-2019, witnessed the decrease in bitcoin about 610 %, between 4,014 dollars on December 22, 2018, and about 3,607 dollars on January 25, 2019, as part of the largest encrypted bear market.
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Currently, the initial Crypto reaction appears to risk caution, with Bitcoin a little height and altcoins send mixed signals. It depends a lot on the time when Washington remains closed, and that economic reports are returned.
Traders are particularly interested in whether the non -farm salary report is on Friday and the consumer price index report is delayed next week. Suppose there are any gaps in the data. In this case, the Federal Reserve may not have many references to directing its political decisions at its meeting in October, making it difficult to determine the course of the appropriate procedure.
Bitcoin’s support is currently about $ 115,000 in the short term, and the market is likely to interact with the macroeconomic evaluation next week if reports are issued on time.
Until then, the markets are preparing for a set of rise and landing, highlighting the Gold record in the cautious approach that people take towards various assets around the world.
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