#FOMCWatch 5. A Historical Comparison with the Closure of 2018–2019
Traders recall the recent government shutdown that occurred between December 2018 and January 2019, when the price of Bitcoin surged by more than 265% after the crisis ended. On January 25, 2019, after the government resumed operations, the currency jumped from $3,550 to around $13,000 over the following five months. This significant increase is attributed to improved public confidence and growing interest from institutional investors in the digital market at that time. Many hope that the same scenario will repeat itself this time, especially since Bitcoin has entered a larger maturation phase and has become an essential part of major investment portfolios. Analysts believe that any positive signal from Congress or the U.S. administration will immediately reflect on the currency's performance in the coming weeks.
