U.S. Government Enters Technical Shutdown, Bitcoin Falls Below $83,000, Raising Market Caution for Increased Volatility Next Week

Odaily News As the U.S. government enters a partial shutdown due to the failure to pass a budget bill before the deadline, sentiment in the crypto market has turned cautious, putting pressure on the prices of Bitcoin and Ethereum. BTC has just fallen below $83,000. Although the Senate has passed a temporary funding bill, the House of Representatives needs to vote after reconvening on Monday, resulting in a technical shutdown of the government over the weekend. Traders have already begun preparing defensive strategies ahead of the House vote next Monday. Analysis suggests that the shutdown itself has limited impact on the economy, but combined with low weekend liquidity and a dense flow of political news, it may increase short-term volatility risks in the crypto market. (CoinDesk)