Crypto Market Edges Up as Investors Weigh Fed Moves and Government Shutdown Risks
BTC, ETH and altcoins gain while ETFs and investment products face outflows amid macro uncertainty.
The crypto market ticked higher on Monday, recovering from last week’s pullback after upbeat U.S. growth and jobs data dimmed expectations for further Federal Reserve rate cuts.
Bitcoin (BTC) is currently changing hands near $113,853, up about 3.9% on the day. Ethereum (ETH) followed suit, rising more than 4% to trade near $4,175, according to data from The Defiant’s price page.
“We have seen institutional and retail support at $110,000 from those that missed $BTC at the $100,000 level, so the small bounce here is not surprising; however, the macro environment remains a little uncertain over the last week,” said Paul Howard from…
