A positive outcome was expected in the US regarding the shutdown and it will be resolved as soon as possible. Trump has announced that he will give $2k to every citizen from the revenue generated by the tax excluding the rich. US Citizens should be happy with his decision.
There is disagreement among experienced investors about the extent to which the shutdown had an impact on the price of Bitcoin, but I think it definitely had a short term impact. But the situation is improving and a bull run will soon begin. Institutional demand for Bitcoin is still intact and Michael Saylor the founder of MicroStrategy one of the world's largest corporate holders is still buying Bitcoin.
The sentiment following the announcement was quite optimistic in the market, and the BTC price surged. This was evident the following day, slowly climbing from $102,000 to $106,000, according to my observations. What's interesting here is that this isn't a positive signal that a bull run is imminent, and I believe that's simply the effect of positive sentiment from market participants. Rather, demand, if temporary and small, will likely plummet again.
In general, if I'm not mistaken, the Bitcoin cycle isn't solely driven by news, the timing is nearing the post-halving stage. Global liquidity availability plays a role. Bond market conditions are also closely linked, for example, to technology stocks. The most exciting thing is, if the Fed starts cutting interest rates again or there are signs of looser monetary policy, that's the momentum. Many people need like with Saylor are born who are capable of contributing their best ideas to BTC, so trust from other market participants continues to flow.
If Blackrock, like Saylor, BTC will quickly reach the moon.
