"The bullish momentum remains strong amid the temporary shutdown of the U.S. government, which has led to delays in several key economic reports - including Nonfarm Payrolls (NFP) and the unemployment rate. The absence of economic data has left markets without a clear gauge of the U.S. economy's true strength, thereby raising expectations that the Federal Reserve (Fed) will maintain a more dovish stance in the near term to avoid excessive tightening during this period of uncertainty."
"The weaker U.S. dollar and declining Treasury yields continue to play a critical role in supporting Bitcoin's upward momentum. As the greenback loses value, investors tend to rotate into alternative assets such as gold and Bitcoin, which are viewed as stores of value in a lower real interest rate environment. At the same time, the government shutdown has reignited concerns over U.S. fiscal sustainability-a factor that often makes decentralized assets like Bitcoin more attractive to safe-haven capital flows."
Bitcoin began the week above $125,000, reaching about $125,800. A temporary U.S. government shutdown delayed key economic reports like NFP and unemployment, removing clear gauges of economic strength and increasing expectations that the Federal Reserve will adopt a more dovish near-term stance. A weaker U.S. dollar and falling Treasury yields supported Bitcoin as investors rotated into alternative stores of value such as gold and Bitcoin. Concerns over U.S. fiscal sustainability amplified safe-haven demand for decentralized assets. Institutional inflows into spot Bitcoin ETFs returned, with five consecutive net-inflow sessions (~$3.2 billion) and total ETF AUM above $60 billion.
Read at London Business News | Londonlovesbusiness.com
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