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.
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NFTRegretful
· 22h ago
The long positions mentality has come again.
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LiquidityOracle
· 22h ago
BTC continues to reach new highs; everything else is just noise.
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LayerZeroEnjoyer
· 22h ago
BTC is still strong.
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Blockblind
· 22h ago
It's hit a new high again, really.
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MemeTokenGenius
· 22h ago
The government shutdown, but BTC still hits new highs.
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.