Cryptocurrencies Rise Amid U.S. Government Shutdown Concerns

Cryptocurrencies Rise Amid U.S. Government Shutdown Concerns
On October 1, cryptocurrencies including Bitcoin saw a notable uptick as the U.S. government entered a shutdown after Congress failed to pass a funding bill.
Bitcoin rose approximately 2.7% to $116,258, while others such as Ethereum, Solana and XRP gained 3.3%, 5.7% and 3.2% respectively.
The uptick was driven by investor expectations that the shutdown could weaken the U.S. dollar and delay key economic data—conditions that often boost digital assets as alternative stores of value.
Still, analysts caution that a prolonged shutdown might hamper regulatory momentum and put pressure on crypto’s next catalysts.