PANews reported on January 31st, citing CoinDesk, that the temporary shutdown of the federal government due to the failure of the US budget bill to be approved PANews reported on January 31st, citing CoinDesk, that the temporary shutdown of the federal government due to the failure of the US budget bill to be approved
The US government's technical shutdown is entering its weekend window, and BTC falling below $83,000 has triggered market caution and increased volatility.
PANews reported on January 31st, citing CoinDesk, that the temporary shutdown of the federal government due to the failure of the US budget bill to be approved before the deadline has put pressure on the cryptocurrency market, causing Bitcoin and Ethereum to fall, with BTC dropping below the $83,000 mark. Although the Senate has passed a temporary funding bill, it still awaits a vote from the House of Representatives when it reconvenes next Monday, resulting in a "technical shutdown" over the weekend. Against this backdrop, traders have already adjusted their positions, taking defensive measures before the House vote. Analysts point out that while the government shutdown itself has limited impact on the macroeconomy, the weak liquidity and concentrated political news over the weekend may amplify short-term volatility in the cryptocurrency market.
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