US: Shutdown, Bitcoin: Way Up ☝️

Bitcoin has bounced back above $117,000 as the U.S. government moves into a partial shutdown amid political turmoil.

📝 What you need to know

The shutdown hasn’t dimmed interest in Bitcoin, but it has spiked volatility.

Bitcoin climbed past $116,000 Wednesday morning as the U.S. government lurched to partial shutdown. That means non-essential services will go on hold until Congress can get the votes it needs to approve a continuing resolution.

What’s been good for BTC has been great for Solana, Dogecoin, and Cardano. The alts are all sitting on at least 7% gains at the time of writing. If and when volatility drags on prices, an analyst told Decrypt it’ll likely be seen as a buying opportunity for crypto investors.

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