Bitcoin Rises Above $105K as Shutdown Hope Lifts Sentiment
Bitcoin bounced back above $105,000 after markets reacted to signs that a U.S. government shutdown could be avoided, lifting risk appetite and improving short-term sentiment. The move drew fresh attention from traders looking for macro-driven catalysts, and briefly pushed BTC off recent consolidation levels.
Despite the lift, continued distribution by early bitcoin holders and sluggish ETF subscription flows have capped momentum, increasing the odds of sideways trade in the near term. That combination means rallies may be met with selling and volatility could remain muted until clearer institutional demand or a confirmed political resolution emerges, making tactical trading the likely focus for the next few sessions.