US Shutdown Threatens ETH Price: How Uncertainty Impacts Crypto

Ethereum’s price is sensitive to more than just its own fundamentals. It’s also deeply intertwined with the economic landscape as a whole, impacted by similar forces that influence stocks and bonds. The current US government shutdown has thrown this balance off kilter, leaving the Federal Reserve facing an unprecedented blind spot ahead of their October policy meeting. This uncertainty is driving volatility in risk assets like Ethereum, particularly during a time where key economic data is scarce. While ETH has shown signs of recovery, the lack of clear direction from the Federal Reserve due to the shutdown raises questions about its future trajectory.