Bitcoin Slides Toward $98K as Downtrend Deepens After US Shutdown Ends
Bitcoin slid toward the $98,000 mark on Thursday, continuing a pattern of lower highs and lower lows that has defined the past month. The move comes as market uncertainty rose after President Trump signed legislation that ended the longest US government shutdown, a development traders say created temporary risk-off flows and thinner liquidity in crypto markets. Short-term momentum indicators and price action both confirm a prevailing downtrend.
What happens next hinges on liquidity and macro headlines: a decisive break beneath $98,000 could open the door to deeper pullbacks as leverage unwinds, while a clean reclaim of $100,000 would ease immediate pressure. Investors and traders will be watching support levels, on-chain flows and broader risk sentiment for clues — especially as November develops and the market searches for a new directional bias.