Bitcoin price held steady on Saturday, reaching a high of $70,000 for the first time in days, even as a partial government shutdown started in the United States.
Summary
- Bitcoin price rose to $70,000 as the recent recovery continued.
- The US government experienced a new partial shutdown.
- Technical analysis suggests that Bitcoin price may rebound.
Bitcoin (BTC) rose to $70,000, up substantially from the year-to-date low of $60,000. The rebound coincided with Friday’s stock market rally and the broader crypto market recovery.
Bitcoin’s price action happened as a partial government shutdown started in the US. This shutdown is now affecting the Department of…
