Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Plus: Why the latest DC news sparked a crypto buying spree |
Ever been stuck in a painfully slow coffee shop line? You're half-asleep, phone out, waiting for that first caffeine hit, watching the barista move in slow motion... And then suddenly - BAM! A second barista clocks in. Orders start flying, people smile again, and life feels normal. That's crypto right now. For weeks, markets have been dead quiet - barely any volume, traders bored out of their minds. Then news hit: Congress finally looks ready to pass a deal to end the government shutdown. This is when the espresso kicked in ☕ Bitcoin's up again, Ethereum and Solana are tagging along. Not a super wild rally, but it still feels nice after the last few weeks.
Now, why did this matter so much? A government shutdown means a frozen economy - agencies close, workers don't get paid, and everything from small business loans to economic data releases (like inflation reports) gets frozen. That uncertainty doesn't just mess with DC - it spooks Wall Street too. Investors pull back, traders go risk-off, and liquidity dries up. But with news that Washington might start moving again soon, the confidence of traders came back. Traders started buying, and shorts (people betting prices would drop) got wrecked - hundreds of millions in liquidations over 12 hours. That short squeeze pushed prices even higher. So, for now, calm in Washington means calm in markets - and calm gives traders permission to take risks again.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.