Bitcoin (BTC) climbed in early trading hours after the resolution of the U.S. government shutdown restored investor confidence across global markets. According to Reuters, the end of the 40-day standoff has calmed risk sentiment, with Bitcoin trading near $110,000 and eyeing a potential breakout toward $112,000.
The prolonged political deadlock had weighed heavily on market liquidity and investor outlook, driving volatility in both traditional and crypto assets. Analysts note that with government operations now resuming, institutional traders are likely to re-enter the market, sparking renewed momentum in digital assets. Meanwhile, the dollar’s mild retreat has further boosted demand for alternative stores of value such as Bitcoin.
Traders are now watching whether Bitcoin can maintain its upward momentum above the $110,000 threshold, a level that has acted as strong resistance in recent weeks. Any decisive move above this zone could trigger the next leg of the rally, supported by improved macroeconomic sentiment. However, analysts also warn that upcoming economic data and Federal Reserve commentary could test Bitcoin’s resilience as markets recalibrate after the shutdown.
Source: Reuters
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