"Bitcoin rose on Wednesday, trading above USD 104,000 as optimism grew that the US government shutdown could soon be resolved. The House is set to vote later today on a bipartisan compromise that would restore federal funding and end the record impasse. Progress toward reopening the government has eased investor concerns and boosted appetite for risk assets across various markets."
"Supporting the move, ETF flows turned strongly positive, with spot Bitcoin funds attracting USD 524 million in inflows on Tuesday, the largest in several weeks. The pickup in institutional demand suggests growing confidence that macro uncertainty may be stabilizing. Still, near-term upside may remain capped until the shutdown is formally resolved. Any delay or renewed political friction could limit Bitcoin's rally and redirect flows toward safe-haven assets such as gold."
The House is scheduled to vote on a bipartisan compromise to restore federal funding and end a record government shutdown, improving prospects for reopening. Progress toward reopening has eased investor concerns and increased appetite for risk assets, lifting Bitcoin above USD 104,000. Spot Bitcoin ETFs attracted USD 524 million in inflows, indicating rising institutional demand and stabilizing macro uncertainty. Near-term upside may remain limited until the shutdown is formally resolved, since delays or renewed political friction could redirect flows to safe havens like gold. Incoming economic data and shifting expectations of interest rate cuts could further influence crypto sentiment and volatility.
Read at London Business News | Londonlovesbusiness.com
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