Digital Assets Thrive Amid U.S. Shutdown and Japan Bond Market Stress
- Bitcoin traded near $118,700, gaining over 3% in the past 24 hours.
- Ether rose by 5.6% to $4,374, while Solana increased nearly 7% to $223.
- Dogecoin surged almost 9% to $0.25, continuing its strong performance among major cryptocurrencies.
- XRP stabilized at $2.97 after fluctuating around the $3.00 mark earlier this week.
- The total market capitalization of all digital assets exceeded $2.37 trillion.
Despite a U.S. government shutdown and rising bond yields in Japan, traders are positioning for looser global liquidity conditions that may favor risk-taking in markets like Bitcoin and Dogecoin. The anticipation of potential policy shifts is contributing to renewed interest in digital assets.
With Bitcoin consolidating under $119,000 and Dogecoin’s notable rise, the current environment has lifted the total market cap of digital assets significantly above $2 trillion.
