Bitcoin Approaches Low Levels as the U.S. Government Shuts Down

Bitcoin Price Decline Process

Bitcoin is approaching its lowest levels since the end of June. The current situation of the cryptocurrency is causing concerns among market participants.

US Dollar Index Rising

US Dollar Index (DXY) has risen above the 100 level for the first time since August 1. This situation has the potential to exert pressure on Bitcoin and technology stocks, which are considered risky assets.

Government Shutdown and Its Effects

The US government shutdown has entered its 35th day, matching the record shutdown period of 2018-2019. According to data from Polymarket, the shutdown is expected to last until mid-November. This situation continues to create uncertainty in the markets.