⚡️The US Budget Crisis and Looming Government Shutdown
The United States is on the brink of a government shutdown, marking the start of Fiscal Year 2025 without a funding agreement. This is the result of ongoing partisan deadlock in Congress over appropriations bills, with no new legislation passed despite months of negotiations.
🎢Impact on the Crypto Market A shutdown amplifies uncertainty in a risk-sensitive market, but effects are mixed—short-term bearish, potential long-term bullish for $BTC $ as a hedge. 📉Short-Term Volatility (Bearish Pressure): Risk-off sentiment drives sell-offs; historical data shows BTC -12%, ETH -9% during 2018–2019 shutdowns. Delayed economic data could create an "information vacuum," stalling Fed decisions, delaying tax refunds, ETF approvals, and pushing crypto 5–15% lower. Altcoins/memes hit hardest; stablecoin inflows rise (USDT +10–20% volume). 📈Long-Term Outlook: Quick resolution boosts sentiment (S&P +10% in 2018–2019); prolonged crisis accelerates DeFi shift as users seek alternatives to fiat instability. Some investors note "BTC as safe haven" amid shutdown fears.
Overall, expect 5–10% crypto dips if shutdown hits heavily, with BTC resilient. Monitor Congress for breakthroughs. DYOR and hedge with stables.
Bitcoin’s erased last week’s losses, now charging toward 114,500 (4H reversal level) and 116,000 (4H high-volume level).
Two Scenarios Ahead: Bullish Case: BTC flips 114,500 & 116,000, traps bears, and rockets to ~$120K+. If bulls succeed we will look for long entries. The current long positions on alts will be safe and bringing more juicy profits. Bearish Case: Bears defend 116,000, selling hard to push BTC to 106,000–104,000 or weekly support. If confirmed, we'll have to close altcoin longs or partially close the positions and drag stop-losses to breakeven.
Diving into @boundless_network – the zk-rollup powerhouse on BNB Chain that's redefining privacy & scalability! With $ZKC powering seamless DeFi trades and zero-knowledge proofs for secure, gas-free txns, it's a game-changer for Web3 adoption. Early adopters, don't sleep on this – stake $ZKC for yields up to 20% APY! Who's joining the #Boundless revolution?
Our digital gold has dropped this Monday and liquidated a lot of overleveraged positions. Top alts followed the senior brother, though more or less managed to hold the support levels. Other alts suffered more but finally reached long limit orders and are now balancing there. In fact, nothing special happened, and until BTC stays in the green box (check the chart), all dips are gifts as some bloggers claim. Nonetheless, let's think critically and imagine that the daily trend reversal was true, and we observed its confirmation when, after the breakdown, the price retraced only to sweep a high-volume level at 117900 and continue the correction. If this scenario plays out, we'll easily get wicks to 106-104K or even a deeper move to weekly support. So plan your long trades carefully!