Markets

What Happens to Bitcoin If the US Government Shuts Down?

In brief A potential government shutdown could delay Friday’s jobs report, which Bitcoin traders rely on to predict Federal Reserve rate cuts. Bitcoin has climbed above $114,000 but still trails 0.7% behind its price from two weeks ago amid shutdown uncertainty. Historical shutdowns show mixed results for Bitcoin – it gained 14% during the 2013…

Markets

Bitcoin Flat as Core US Inflation Holds at 2.9% in August

In brief Bitcoin rebounds slightly to $109,300 after dipping below $109,000 late last night. It’s down 1.5% in 24 hours amid August inflation data showing 2.9% year-over-year increase in core inflation. Over $970 million in crypto futures contracts liquidated in past day, with $852 million being long positions betting on price increases. Some 69% of…

Markets

Rate Cuts, Options Expiry Put Bitcoin at a Crossroads

In brief About $17 billion in Bitcoin options are set to expire Friday, one of the largest on record. Experts warn a break below $108,000 could trigger forced selling and a drop toward $96,000. Softer inflation could ease pressure and open room for a rebound into year-end. Crypto faces a critical test this week as…