Bitcoin and Gold Surge Amid U.S. Government Shutdown
- Bitcoin rose above $117,000, up by 3.6% in the last day.
- Gold reached a new all-time high of over $3,922 per ounce.
- The S&P 500 and Nasdaq each fell by about 0.5% at market open.
- The U.S. entered its first government shutdown in nearly seven years.
- The previous longest shutdown lasted for a record of 35 days in late December during President Trump’s term.
Both Bitcoin and gold experienced significant gains as investors sought safe-haven assets amid the uncertainty caused by the U.S. government shutdown, which has disrupted financial markets with declines in major stock indices like the S&P and Nasdaq.
As traditional markets faltered due to the shutdown, Bitcoin surged past $117,000 while gold hit historic highs, underscoring their roles as alternative stores of value during times of economic instability. (Source)
