Crypto Rally Fueled by U.S. Government Shutdown Concerns
TL;DR Summary
Cryptocurrencies like XRP and Dogecoin are rising amid U.S. political gridlock and Japanese bond market turbulence, which are creating a favorable environment for digital assets due to expectations of rate cuts and increased liquidity. Despite macroeconomic uncertainties, implied volatility across markets has decreased, supporting a consolidation phase for Bitcoin and a rally for altcoins. The situation remains dynamic, with potential for continued inflows or renewed macro pressures.
- XRP and DOGE Push Higher as Analyst Says ‘U.S. Government Shutdowns’ Are Fueling the Crypto Rally TipRanks
- Prediction markets see government shutdown lasting nearly two weeks CNBC
- Bitcoin, Ethereum and XRP Jump. Why Cryptos Are Rising Amid the Government Shutdown. Barron's
- Betting markets like Kalshi see the government shutdown lasting 10 days or more. Investors might not like that. MarketWatch
- Government Shutdowns Have Meant Crypto Bloodbaths: Bad News Ahead For Bitcoin, Ethereum? Yahoo Finance
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