Bitcoin Rises 2.9% to $92.67K as US Shutdown End Sparks Risk-On Rally
Bitcoin climbed 2.9% to $92,670.71 on Wednesday after lawmakers reached a deal to avert a US government shutdown, triggering a renewed risk-on mood across global markets. The price surge reflected easing political uncertainty and short-term inflows into risk assets, with BTC leading gains during the session as traders reacted to the macro relief.
Despite the uptick, technicals remain cautious: BTC is still trading below several key moving averages, indicating resistance ahead and a mixed trend. Market participants will be watching volume, institutional flows and whether follow-through buying can clear those averages; a sustained break higher could extend the rally, while failure to hold gains would likely prompt consolidation until clearer macro signals emerge.