Bitcoin News
By Sakamoto Nashi
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Debasement Trade Driving BTC Demand. All four industry experts consulted by Cryptonews agreed that Bitcoin’s bullish surge is largely…
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Traders See Little Long-Term Impact from Shutdown. James Gernetzke, CFO at crypto wallet provider Exodus, noted that the markets don’t anticipate a…
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ETFs and Institutional Flows Reinforce Momentum. The debasement trade has manifested in inflows to Bitcoin ETFs, which Leon noted totaled over $2.
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Could the Shutdown Trigger a Correction?. Despite strong momentum, experts caution that prolonged government closures could impact BTC…
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Altcoins Ride the Wave. Bitcoin isn’t the only cryptocurrency benefiting from this environment.
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What Investors Should Watch. For traders and investors, the key metrics to monitor include government developments, Federal…
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The U.S. government shutdown has dominated headlines, yet Bitcoin (BTC) appears largely unfazed, rallying sharply in recent days.
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“The government shutdown underscores systemic risks in the financial system,” Leon said. “Events like these shake confidence in the US dollar and push capital toward independent…
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James Gernetzke, CFO at crypto wallet provider Exodus, noted that the markets don’t anticipate a severe long-term economic fallout from the shutdown.
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“For Bitcoin, October has historically been strong, though seasonality may be coincidental this year,” Gernetzke said.
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Two Prime CEO Alexander Blume highlighted that Bitcoin’s rally is also fueled by looser monetary policy and strong economic indicators.
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“BTC and gold are both attracting attention due to diminishing confidence in the US dollar,” Blume explained.
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Historically, Bitcoin tends to rally in the months following periods of heightened gold demand, aligning with expectations for a strong Q4 performance.
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Despite strong momentum, experts caution that prolonged government closures could impact BTC negatively. Leon referenced the longest shutdown in U.S.
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Hashdex CIO Samir Kerbage echoed this view, emphasizing that BTC may also face volatility if its near all-time highs trigger profit-taking.
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