Bitcoin Volatility Increases Amid U.S. Government Shutdown
- Since the U.S. government shutdown on October 1, Bitcoin volatility has risen to 1.17%, up from a low of 0.88% in late September.
- The U.S. budget deficit has reached $1.973 trillion, an increase of $76 billion compared to the previous fiscal year.
- Bitcoin ETF inflows have reached $2.7 billion this week, matching last week’s figures despite market volatility.
- At present, Bitcoin is trading at approximately $122,000 after reaching a new all-time high above $126,000 earlier in the week.
- Despite recent gains, Bitcoin has underperformed compared to stocks and precious metals like gold and silver.
As Bitcoin experiences increased volatility amid the ongoing U.S. government shutdown, concerns about fiscal sustainability are underscored by a growing national deficit now at $1.973 trillion.
While Bitcoin continues to lag behind traditional assets like stocks and gold, positive ETF inflows suggest some investor confidence remains intact during this period of uncertainty (Source)
