- The U.S. government is facing a shutdown due to Congress not passing funding bills.
- Bitcoin has reached $120,000 as of the latest update, supported by increased investor interest during the shutdown.
- Crypto experts predict Bitcoin may rise to between $124,000 and $135,000 if current trends continue.
- The shutdown marks the first in seven years, resulting in 750,000 federal employees being furloughed.
- The U.S. dollar has weakened, and uncertainty in financial markets has grown during the shutdown.
The U.S. government is undergoing a shutdown after Congress failed to pass necessary funding bills. This event, which started in early October 2025, has led to 750,000 federal employees being furloughed and created uncertainty in the markets. The development comes as the first federal shutdown in seven years, affecting the functioning of several government agencies.
At the same time, the cryptocurrency market is seeing changes. Bitcoin climbed to $120,000 at press time as some investors shifted their focus away from the U.S. dollar. The weakened dollar and concerns about federal data availability have contributed to this move.
Crypto analyst MenthorQ reported that, during this period, Bitcoin’s range could be between $110,000 and $125,000. In a statement shared on X, “U.S. enters first shutdown in 7 years; 750K furloughed, markets uneasy, dollar softens, Fed data at risk. $BTC Range 110K–125K, signals tilt bearish, sellers pressuring resistance.”
Another expert, Donald Dean, pointed to new technical developments in Bitcoin’s price chart. Dean observed, “Bitcoin has moved past the neckline in the inverse head and shoulders pattern and is moving higher off the volume shelf. Potential to retest the breakout. The next target is $123k, then $131k at the Golden Ratio.” An inverse head and shoulders pattern is a type of price chart formation that can suggest a potential upward move.
Shutdowns happen in the U.S. when Congress does not approve essential funding bills or when the president does not sign a temporary bill. This disrupts the operations of federal agencies and can affect financial markets. The current shutdown has increased pressure on the U.S. dollar, and, according to experts, has played a role in supporting Bitcoin’s recent price increases.
Further context shows that in past shutdowns, market volatility was common, making investors consider alternatives like cryptocurrencies. As the situation continues, analysts will watch for additional price movements and shifts in investor sentiment.
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