Crypto Market Dips as U.S. Shutdown Hits Record 36 Days?
The post Crypto Market Dips as U.S. Shutdown Hits Record 36 Days? appeared on BitcoinEthereumNews.com.
Crypto market dipped again as bearish sentiment continues to dominate investor outlook. The overall market capitalization fell by 1.41% in the past 24 hours, extending a broader 7-day decline of nearly 9%. This downturn coincides with the ongoing U.S. government shutdown, which has now stretched into a record 36 days. Crypto Market Dips Amid Prolonged U.S. Government Shutdown The price of Bitcoin fell 1.68% in the past day and lost a key support of around $102,000. According to analysts, the fall was due to bearish technical positions, profit taking by the institutional investors and also the lack of bullish momentum.. Ether had a steeper decline of 2.91% which was fuelled by ETF liquidation and massive outflows. November 5, Ethereum spot ETFs recorded an outflow of $118.6 million. This was a continuation of the one-month institutional pullback pattern. In the last 30 days, ETF assets of ETH fell to $19.5 billion out of the former 25.8 billion. As such, the price of ETH has dropped by 13% in the last one week. Other leading altcoins like XRP, Solana (SOL), Cardano (ADA) and Dogecoin price experienced losses in the past 24 hours as well. The market briefly recovered earlier this morning, but fresh selling pressure negated the gains. Analysts fear that until levels of support are met, some more losses could be ahead. U.S Goverment Shutdown Hits Records 36 Days The United States government shutdown has entered a record 36th day, marking the longest closure in history. The current stalemate between the Republicans and the democrats has not been resolved yet and hundreds of thousands of federal workers have no pay since October 1. Although the back pay on workers is legally guaranteed, doubt has arisen following the raising of doubts by the White House on the policy. The Congressional Budget Office…
Filed under: News - @ November 6, 2025 10:33 pm