Crypto Market Reacts as U.S. Government Shutdown Begins, Can the Uptober Rall...
The U.S. government officially entered a shutdown at 12:01 a.m. ET, and markets, including crypto, immediately recalibrated in response to uncertainty. U.S. equity futures slipped, the dollar extended its losing streak, and gold punched to fresh records near $3,875/oz as investors sought safety. Related Reading: Ethereum Usage Skyrockets With Unprecedented Daily Transaction Growth Amid Market […]
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As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, including providing Americans with the second round of direct payments, the government is facing a shutdown, which could be prevented if lawmakers can pass a spending bill before the Dec. 11 deadline. Congress returned to....
The total cryptocurrency market cap hit an all-time high of $4.17T on August 14. Since then, however, it’s been locked in a tight consolidation range between $3.5T and $4T. Recently, it dropped sharply, falling around 9% in just 7 days between September 18 and 25, raising concerns over whether ‘Uptober’ is off the cards. That […]
The month of October has ended with much of the crypto market registering double digital gains. However, Bitcoin has once again come out at the top as the undisputed winner. Bitcoin Ends Uptober With 41% In Gains As per the latest weekly report from Arcane Research, BTC has ended the month of October with 41% […]
According to reports, Sichuan’s Ya’an municipal government has asked Bitcoin miners to shutdown operations in the city. None of the three local sources available at the moment mention how long the crypto mines will remain closed. Chinese crypto media outlet PANews says, Officials from related authorities, including the city’s energy bureau and technology bureau, had […]
In an unexpected turn of events, Ethereum (ETH) Futures Exchange Traded Funds (ETFs) are drawing closer to fruition, potentially becoming available for trading as early as October 3, which could be a significant catalyst for ETH price. Renowned Bloomberg ETF expert Erich Balchunas recently shared insights indicating that the Securities and Exchange Commission (SEC) might expedite its approval process to avoid potential disruptions caused by a looming government shutdown. SEC Considers Fast-Tracking Ether ETFs A government shutdown, which could go into effect if Congress and President Biden....