U.S. Shutdown Fuels Market Volatility, Impacting Cryptocurrency

October’s start brought a unique dynamic to both the U.S. stock market and cryptocurrency, as the ongoing government shutdown amplified its influence on these sectors. However, tensions with China triggered a sell-off in mid-October, exposing the vulnerability of the crypto market. The shutdown, initially projected for one to two weeks, has extended beyond those expectations, raising questions about its duration, reason for persistence, and impact on cryptocurrencies. 2026’s midterm elections are adding another layer of complexity to this situation.