๐ The U.S. government shutdown is approaching โ and it could be the first since 2019!
๐๏ธ Notable previous shutdowns that coincided with the crypto market:
2013 โฌ ๏ธ Lasted 16 days
2018 โฌ ๏ธ Two short shutdowns (3 days and a few hours)
2018โ2019 โฌ ๏ธ The longest in history: 35 days
๐ The reaction of the cryptocurrency market has been mixed:
โ Sometimes sudden spikes
โ And sometimes sharp corrections
But historical data cannot be relied upon, as the market was smaller and less correlated with major financial markets back then
If the shutdown happens, it will have a direct impact on prices
๐ธ Short shutdown = potential quick recovery
๐ธ Long shutdown = significant negative pressure on the market
๐ Watch the liquidity, and the impact of the shutdown on economic data, especially the jobs and inflation reports that the Federal Reserve relies on for its decisions
๐ฒ Follow channel #CryptoEmad for real-time analyses and smart recommendations
#Bitcoin #Altcoins #ShutdownWatch #CryptoMacro
๐๏ธ Notable previous shutdowns that coincided with the crypto market:
2013 โฌ ๏ธ Lasted 16 days
2018 โฌ ๏ธ Two short shutdowns (3 days and a few hours)
2018โ2019 โฌ ๏ธ The longest in history: 35 days
๐ The reaction of the cryptocurrency market has been mixed:
โ Sometimes sudden spikes
โ And sometimes sharp corrections
But historical data cannot be relied upon, as the market was smaller and less correlated with major financial markets back then
If the shutdown happens, it will have a direct impact on prices
๐ธ Short shutdown = potential quick recovery
๐ธ Long shutdown = significant negative pressure on the market
๐ Watch the liquidity, and the impact of the shutdown on economic data, especially the jobs and inflation reports that the Federal Reserve relies on for its decisions
๐ฒ Follow channel #CryptoEmad for real-time analyses and smart recommendations
#Bitcoin #Altcoins #ShutdownWatch #CryptoMacro
