Bitcoin and Ethereum Stand Strong Against the Risk of U.S. Government Shutdown

In the context of the U.S. Congress racing to pass a budget bill to prevent the risk of a government shutdown, Bitcoin and Ethereum have shown significant resilience, trading almost sideways.

Crypto Market Overcomes Political Instability

Despite the political instability in the U.S. and the risk of delays in important macroeconomic data causing a portion of traders to feel pessimistic (about 85% of users in the market predicting Myriad believes that $BTC will experience a short-term price drop), major digital assets still maintain their value. Bitcoin is trading around $113,435 and Ethereum around $4,153.

Dip is a Buying Opportunity

John Glover, the Chief Investment Officer of the Bitcoin lending company Ledn, does not share that pessimism. He notes that previous government shutdowns (such as during President $TRUMP ) have always been viewed by the market as a temporary situation.

Mr. Glover asserts: "The market will view any price drop of digital assets due to the shutdown as a buying opportunity." This underscores the growing confidence of institutions in the crypto market's ability to quickly recover from traditional political turmoil. The ability of BTC and $ETH to maintain stable value in this urgent situation is clear evidence that they are being seen as mature assets, less affected by short-term policy stresses. #anhbacong