Bitcoin tumbles below $100K as US government shutdown ends
Bitcoin fell decisively under $100,000 following the end of the longest U.S. government shutdown, as elevated Treasury yields and expectations for ongoing Fed tightening continued to pressure risk assets. The political risk that briefly clouded the macro outlook has been resolved, but crypto markets stayed in the red as investors parsed interest-rate dynamics and reduced appetite for speculative positions.
Why it matters: higher real yields make risk assets like Bitcoin less attractive to yield-sensitive investors, and continued hawkish Fed signals could sustain outflows from crypto into cash and short-duration instruments. Traders will be watching Treasury moves, Fed communication, and liquidity flows into stablecoins for signs of stabilization or further downside, with momentum and macro headlines likely dictating near-term direction.