On Wednesday, the U.S. stock market surged as investors anticipated a House vote on a bill to end the government shutdown. Meanwhile, Bitcoin fell from an intraday high of $105,300 to a weekly low of about $101,200, a decline of 3.4%.
Key Points:
Bitcoin dropped 3.4% amid a backdrop of funds flowing back into stocks and precious metals.
The Dow Jones Industrial Average rose by 423 points, reaching a new intraday high ahead of the House vote on the government shutdown.
The Dow Jones Industrial Average increased by 0.9%, driven by strong performances from Goldman Sachs, JPMorgan Chase, and American Express. The S&P 500 edged up 0.1%, while the Nasdaq Composite dipped 0.3%, reflecting a degree of weakness.
At the same time, gold rose to about $4,180, and silver broke through $53, both climbing due to safe-haven demand and expectations for data releases following the end of the government shutdown.
The significant pullback in Bitcoin coincided with a broader shift away from risk assets. As the vote on the shutdown approached, investors may have favored assets with clearer exposure to economic policy and credit flow. The rise in precious metals reflects both safe-haven demand and expectations of a potential policy shift from the Federal Reserve after economic data returns to normal release.
Additionally, the Bitcoin pullback may also be attributed to ongoing profit-taking after a slight rebound on Wednesday, as well as the relatively weak inflow of institutional funds into cryptocurrencies compared to traditional assets.
As the risk of a government shutdown gradually diminishes, the market seems to be leaning towards a more traditional risk spectrum, temporarily sidelining Bitcoin in favor of governance and policy-sensitive assets.
Despite current price pressures, volatility may soon tilt back in favor of Bitcoin. Recent signs of recovery in spot Bitcoin ETFs have emerged, and risk appetite is gradually returning after the record drop in the crypto market at the beginning of October. Spot Bitcoin ETFs recorded a net inflow of $524 million on Tuesday, the largest single-day amount since October 7.
Furthermore, the Federal Reserve is set to announce its next policy guidance later this month, and if it signals a dovish stance, it could boost risk appetite across the entire crypto market. If U.S. stock market volatility stabilizes after the end of the shutdown, Bitcoin may regain upward momentum, attracting institutions seeking new diversification away from traditional markets.
This article does not constitute investment advice or recommendations. All investments and trading activities carry risks; readers should conduct thorough research before making decisions.
Related: Tokenized government bonds surpass $8.6 billion, banks and exchanges promote their use as collateral
Original: “Stocks and Gold Rise Ahead of Vote to End Government Shutdown, Bitcoin (BTC) Falls to $101,000”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
