Bitcoin Faces Reality Check as Small Business Optimism Crumbles

Bitcoin’s price hovers around $103,000 amidst choppy trading activity. Market sentiment remains cautious due to the U.S. economy showing signs of slowing down. The National Federation of Independent Businesses (NFIB) reported that small business optimism dropped to its lowest level since April, with hiring and sales both declining. This worrying trend coincides with ongoing government shutdown worries that are hindering economic momentum.