Bitcoin Surges Following U.S. Government Shutdown

Uncertainty surrounding the prolonged US government shutdown has spurred a new surge in Bitcoin prices. The impact of this unprecedented shutdown, which marks the first since 2018, is evident as cryptocurrencies like Bitcoin have shown notable growth following Friday’s release of PCE data and potential rate cut expectations from the Federal Reserve. While the exact duration of the shutdown remains unknown, its continuation has fueled uncertainty in financial markets. 1-2 thousand dollar refund checks proposed by President Trump further contributed to market volatility and heightened investor sentiment. This liquidity support echoes similar measures taken during the pandemic and is potentially linked to upcoming political events like the 2026 mid-term elections.