Before US market open today cryptocurrency We warned investors about an important issue. We said to focus on the news about the upcoming government shutdown, and that’s what happened. Those who have been following previous news know that we talked about there eventually being a deal for watches and BTC it exceeds $97,600 again.
Why Are Cryptocurrencies Rising?
What you see on the daily chart is a long lower wick and the daily candle is expected to be filled upwards in the coming hours. The news needed to reverse the decline has arrived. Government shutdowns have always negatively affected cryptocurrencies, and today’s conditions were very favorable for news trading investors.
Those who follow today’s news closely know that we wrote that the parties will agree on a government shutdown in the coming hours and tomorrow is the deadline. The expected happened and House of Representatives Speaker Johnson said;
“The government will not shut down. An agreement was reached on government funding. The vote on government funding will be held today.”
This was exactly the expected news, and important price areas, especially in altcoins, started to be reclaimed. If the positive sentiment continues, the price should return to six-digit levels, as at least one of the problems that caused the loss of $100 thousand has been resolved. Markets already knew the Fed would slow rate cuts for 2025, and its artificial shock decline shouldn’t last long either. Also about Powell’s BTC statement trump‘s new statements will neutralize the situation.
Unless there’s a big surprise for the weekend. cryptocurrencies We can say that he entered a much more comfortable environment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
