Bitcoin and Ethereum Steady Amid U.S. Government Shutdown Concerns
- Bitcoin is trading at $113,435, showing no movement over the last day but a slight increase of 0.4% in the past hour.
- Ethereum is down by just 0.3% on the day, currently priced at $4,153 according to CoinGecko.
- 85% of Myriad prediction market users expect Bitcoin to experience at least 48 red candles before Wednesday noon due to political uncertainty.
- Ledn’s CIO John Glover views potential price dips as buying opportunities, referencing quick market recoveries during past shutdowns under Trump.
- Congress is working against a deadline to pass a funding bill that would prevent a U.S. government shutdown.
As Congress races to avert a government shutdown, Bitcoin and Ethereum remain stable despite political uncertainty impacting trader sentiment on platforms like Myriad.
With Bitcoin holding steady and Ethereum experiencing minimal decline, market participants are closely monitoring legislative developments that could influence digital asset prices further. (Source)
