The U.S. government shutdown continues, leading to the postponement of several important economic indicators and financial decisions. Most notably, the release of non-farm employment data has been delayed; this key economic indicator must wait until the government resumes normal operations before it can be published. At the same time, the approval process for several Crypto Assets ETFs, including Litecoin (LTC), Solana (SOL), and DOGE, has also come to a standstill, with the approval work set to continue only after the government reopens.



This uncertainty has put considerable pressure on the market. Investors and analysts know that this important information will eventually be released, yet they cannot accurately predict the specific timing. This state of indecision increases the market's anxiety. It feels like a student who has done something wrong, knowing that punishment is inevitable, but not knowing when it will come, which adds even more psychological pressure.

Currently, due to the lack of key economic indicators such as non-farm payroll data, the market is facing an information vacuum. At the same time, new voices have emerged within the Federal Reserve, with some hawkish members beginning to lean towards maintaining the current interest rate levels and no longer supporting rate cuts, citing concerns that inflation risks may rise again.

In this complex market environment, the cryptocurrency market is showing some positive signals. Bitcoin (BTC) has reached a new high again, while Binance Coin (BNB) has also broken its all-time high, demonstrating the resilience of the cryptocurrency market. This phenomenon of rising against the trend has sparked a new round of discussions among investors about crypto assets as a hedging tool.

As the U.S. government shutdown continues to unfold, market participants are closely monitoring the situation, hoping for a swift return to normal operations so that important economic data and financial decisions can be released in a timely manner, providing clearer guidance for the market.
LTC-0.7%
SOL-5.61%
DOGE-7.36%
BTC-2.05%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
NFTRegretfulvip
· 22h ago
The long positions mentality has come again.
View OriginalReply0
LiquidityOraclevip
· 22h ago
BTC continues to reach new highs; everything else is just noise.
View OriginalReply0
LayerZeroEnjoyervip
· 22h ago
BTC is still strong.
View OriginalReply0
Blockblindvip
· 22h ago
It's hit a new high again, really.
View OriginalReply0
MemeTokenGeniusvip
· 22h ago
The government shutdown, but BTC still hits new highs.
View OriginalReply0
OnlyOnMainnetvip
· 22h ago
US stocks are stumbling, but BTC still plays.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)