Crypto markets remain steady despite United States government shutdown
The U.S. government went into official shutdown at 12:01 a.m. Wednesday, after Congress failed to pass funding legislation. While non-essential federal employees are being furloughed and many services are suspended for the time being, essential functions will keep running.
The crypto market is seemingly unaffected by the development. Total digital asset capitalization is holding above the $4 trillion threshold recaptured earlier this week. Bitcoin continued its two-day rally, rising from approximately $108,650 to around $114,000 before easing slightly back down.
Ether has surged to $4,300, registering notable gains. Altcoins had modest losses, in line with recent trends. Analysts noted a bullish double bottom on Bitcoin’s chart,…
