Bitcoin Pulls Back Below $100K as U.S. Shutdown Relief Fails to Lift Crypto
Bitcoin's recent rally quickly reversed, with the price dropping below $100,000 after a nearly 7% decline in 24 hours. The sell-off came despite the end of the U.S. government shutdown, signaling that political relief alone wasn't enough to rekindle broad crypto demand. Short-term traders pointed to profit-taking, thinner liquidity and cautious risk sentiment as immediate drivers of the pullback.
The move matters because it highlights how sensitive crypto is to broader market mood rather than single headlines. Market participants will be watching spot flows, futures funding and volatility as gauges of whether buyers step back in. Expect choppy trading and heightened volatility in the near term as investors weigh macro data, interest-rate expectations and on-chain indicators for signs of a sustainable recovery.