Government Shutdown Ends but Bitcoin Still in 'Extreme Fear' at $103K
Bitcoin was trading mildly higher near $103,000 on Thursday following the end of a 43-day U.S. government shutdown, but the move offered little comfort to worried investors. The modest uptick suggests policy clarity removed one overhang, yet broader market forces and lingering fiscal concerns continue to cap upside and keep trading cautious.
Crypto Fear & Greed Index readings from Coinglass show the market sitting at 14 — categorized as 'Extreme Fear' and matching panic levels from earlier capitulation events this year. That sustained anxiety increases the likelihood of volatile price swings and limited rally conviction, as traders weigh macro risks and potential profit-taking against any short-term relief. For now, sentiment rather than fundamentals appears to be the dominant driver of Bitcoin’s near-term trajectory.