Bitcoin Reaction, if Shutdown Suspended

[Nathrixxx]

What could this bring to the bitcoin market if the house vote takes place and the shutdown suspended, are we expecting more of bullish or bearish performance in response to this?

Your honest thoughts are required, this is all about market speculations, what do you think could be the reaction on Bitcoin price.


https://x.com/Cointelegraph/status/1988307271659421781?t=o0XU-SE4m61Twb6V493W9Q&s=19

[retaur]

Bitcoin's been correlating with the stock market recently. Surely a lot of US workers receiving backpay and regular wages (like for the ones who are furloughed) are going to be expected to pay into the stock market (via pension contributions if nothing else) and thus both should see an uptrend. Also, after the shutdown, a lot of workers will likely be in office and using amenities nearby like public transport, shops, coffee shops and restaurants which will boost the stock market and the broader economy again.

The Trump presidency this time and last time seem to just aim to cause chaos to manipulate things though and I'm not sure how well that'll do long term.

[fullfitlarry]

It could be a bullish news not just for crypto market, but stocks and other financial instruments.

We really need to see the US government back on it's feet, to function normally as what other government in the world. It's just a question on how bullish it will be for crypto market. What kind of movement we are going to see, will Bitcoin be back at least around $120k before the end of this month?

[adultcrypto]

If US government shutdown is suspended, it will not immediately lead to serious bullish moves but just minor market reaction. It is what comes after that that will determine if the market will be bullish for long or not. If you are making the argument that the shutdown is the reason for the dip that happened, such argument may not also be strong. We cannot deny that there is serious indecision in the market within the shutdown but that does not mean the market will recover and turn bullish immediately it is suspended. For me I want the shutdown suspended so we can see if there are new policies that will set the market on bullish trajectory because the bearish nature of the market is becoming wearisome.

[bangjoe]

Whether the market is bullish or not is not necessarily certain for financial markets, including stocks, cryptocurrencies, or others. It depends on the current state of the US, both economically and geopolitically, as well as the regulations that will be issued by the SEC regarding the termination of digital assets in the future.

I hate seeing things like this, especially constantly setting notifications for updates on US politics because, fundamentally, it does have an impact on movements in the bitcoin market. I want to feel free again; bitcoin is not tied to political sentiment or anything else and operates according to its cycles as before.

[tabas]

The market is dropping again, as what people is speculating that it's bullish for Bitcoin. But we'll never know how the retailers and whales are going to react once an update and decision is out.

Whether the market is bullish or not is not necessarily certain for financial markets, including stocks, cryptocurrencies, or others. It depends on the current state of the US, both economically and geopolitically, as well as the regulations that will be issued by the SEC regarding the termination of digital assets in the future.

I hate seeing things like this, especially constantly setting notifications for updates on US politics because, fundamentally, it does have an impact on movements in the bitcoin market. I want to feel free again; bitcoin is not tied to political sentiment or anything else and operates according to its cycles as before.

I think that we're on the same page and it doesn't matter anymore which news comes out. It seems that every news that are being delivered to us are affecting every market. But when it's about Bitcoin, people are already thinking that it's attached to it where it shouldn't be.

[Nathrixxx]

Some of us don't really know or fully understand how the market may run in certain conditions, you won't be surprised if the next time you see it is that things have already changed and we are in bullrun continuation for the season, because not only when the market falls it should be of a serious concern.

[alani123]

Aside of the quality of certain government services going down the gutter during a shutdown, most essential things function as expected and all missed payments are caught up with later. So shutdowns are nothing but a political game.

Trump has the majority on all branches of government. It's interesting that a shutdown was allowed in the first place. But in any case the bill to end it should have no effect on bitcoin. We were all expecting it to end any day now. And while more money will enter the economy after it ends I think it's not going to be a strong enough surge to take BTC up from the current slump

[AVE5]

What could this bring to the bitcoin market if the house vote takes place and the shutdown suspended, are we expecting more of bullish or bearish performance in response to this?

If we go by the speculations that bitcoin price is being manipulated by macroeconomy news tied to derive values on the fundamentals of stock correlations, we can expect the bullish when the White House suspension is lifted.
If we can be convinced that the weaken bullish market was strived by the shutdown according speculations, then we should expect a bullish recovery at the house resumption but it'll be unhealthy to expect much for a mere geopolitical speculation.

[STT]

I suspect or at least think we need to watch out for a false rally.  Politics is unreliable as a gauge to anything, its often ironic.  Who won in this shutdown, some argue the democrats gained from showing a weakness in republican rhetoric.   
   The wider market might sell off past a relief rally initially on the news.  This will probably reflect more clearly in BTC charts first then the market itself.

[Zoomic]

https://x.com/Cointelegraph/status/1988307271659421781?t=o0XU-SE4m61Twb6V493W9Q&s=19

Is bitcoin now this political?
Must every news affect bitcoin?
Anyways, the market is bearish already and it will not be impossible to enter into the bullish face. So, we are expecting the line of action

[GreatArkansas]

https://x.com/Cointelegraph/status/1988307271659421781?t=o0XU-SE4m61Twb6V493W9Q&s=19

Is bitcoin now this political?
Must every news affect bitcoin?
Anyways, the market is bearish already and it will not be impossible to enter into the bullish face. So, we are expecting the line of action

I agree, Bitcoin must have nothing to do with the US Government.

But recently, also, take a look - Bitcoin market correlates with the stock market too. So for me, if this US Government shutdown suspended will have reaction with stock market, I think there will be also small move will happen to Bitcoin market.

[8rch7]

https://x.com/Cointelegraph/status/1988307271659421781?t=o0XU-SE4m61Twb6V493W9Q&s=19

Is bitcoin now this political?
Must every news affect bitcoin?
Anyways, the market is bearish already and it will not be impossible to enter into the bullish face. So, we are expecting the line of action

Absolutely we can't separated between politic and bitcoin, did you remember when Donald Trump winning the US election how much increasing of bitcoin price and I believe the US recent politic bring bad and good impact for bitcoin.
Right now US have bad condition after shutdown until 40 days and the US government can't allocated their money before getting approval from the parliament. Including bad news what happen in US I think difficult to see market bullish and nowadays market have downtrend to bearish moment, waiting up 40 days later its too long but wish bitcoin not get any bad impact yet of US government shutdown for awhile. I think waiting few days later have significant impact for bitcoin price behind bad economic and politic condition at US and after shutdown 40 days later waiting senator approval.

[bangjoe]

The market is dropping again, as what people is speculating that it's bullish for Bitcoin. But we'll never know how the retailers and whales are going to react once an update and decision is out.

We can call it sideways bitcoin at the level of $97k to $110k, this will be very important price volatility, especially if bitcoin continues to maintain its position above $100k

So maybe again and again we will have to look at December 10 for the FOMC, what is the Fed's stance on interest rates, is it hawkish or is there a decrease and an increase, everyone is hoping for a decrease.

Whether the market is bullish or not is not necessarily certain for financial markets, including stocks, cryptocurrencies, or others. It depends on the current state of the US, both economically and geopolitically, as well as the regulations that will be issued by the SEC regarding the termination of digital assets in the future.

I hate seeing things like this, especially constantly setting notifications for updates on US politics because, fundamentally, it does have an impact on movements in the bitcoin market. I want to feel free again; bitcoin is not tied to political sentiment or anything else and operates according to its cycles as before.

I think that we're on the same page and it doesn't matter anymore which news comes out. It seems that every news that are being delivered to us are affecting every market. But when it's about Bitcoin, people are already thinking that it's attached to it where it shouldn't be.

Yes of course I'm quite lazy to talk politics which affects my playground, but the game in today's market is that institutions and corporations do play a role in bitcoin adoption and trading, so those with big money act according to the source of their money, the US remains the biggest influence on market movements.

[JeffBrad12]

Probably won't affect that much and looking at chart right now after the bill approved there's no sign of bullish or trend shifting or anything.
It's good that shutdown ended but we need bigger catalyst to make the price higher, possibly anything related to bitcoin reserve.

I don't think current price action is a concern though eventually bitcoin gonna go up again eventually. It's just a good ol' consolidation.

[Danica22]

https://x.com/Cointelegraph/status/1988307271659421781?t=o0XU-SE4m61Twb6V493W9Q&s=19

Is bitcoin now this political?
Must every news affect bitcoin?
Anyways, the market is bearish already and it will not be impossible to enter into the bullish face. So, we are expecting the line of action

Market movements depend on investor sentiment, if investors like to speculate and cling to political news then it will affect the market. This means that the market is susceptible to these factors or in other words, the market itself is not political. But it can react strongly to political factors because investor behavior depends on the political situation.

However, I don't think many investors care about this news because the government shutdown didn't have any significant impact on the market and it's understandable that no one cares when the government reopens.

[Dave1]

Yes, I don't think that there will be a effect on the market itself. We might be tired of hearing news from Trump and his administration. Sort of like mental fatigue to us. Sure he could be pro-Bitcoin, but as this point, the market is turning bearish already that no news from the US might turn it around.

So it's good to hear that the US government is back again. But I wouldn't put too much on this news, might be better for us to plan and strategies regardless of the politics and what not and the noises behind.

[adaseb]

I think the shutdown ending is already priced in. Sure stocks rallied and all but we all knew that in another week or two, this shutdown had to eventually end. It wouldnt of went on for 6 months or so, that would lead to chaos.

What is more important for bitcoins reaction is the rate decision and perhaps the inflation and employment numbers. Because those generally lead the stock market and bitcoin usually follows. Then there is still the issue with the tariffs. You know how Trump is. Stock market is doing great and he threatens a bunch of countries with 100% tariffs and a week later he reverses those tariffs. This is something that you just need to prepare until this administration changes in a few years down the road.

[CryptoBuds]

It is true that the market is influenced by politics and macroeconomics but not all news affects the market. Although the US government shutdown has caused some disruption to their economy. But it should be noted that they only partially shut down the government, not completely. That's why the market didn't react negatively when they closed 43 days ago. So don't expect the reopening of the government to have a big impact and expect bitcoin to react positively to this news.

What kind of movement we are going to see, will Bitcoin be back at least around $120k before the end of this month?

We need more positive news, bigger catalyst for bitcoin to recover to $120k, news about government shutdown or opening is not worth paying attention to. Don't expect too much from this kind of news.

[Emeraldo]

Some of us don't really know or fully understand how the market may run in certain conditions, you won't be surprised if the next time you see it is that things have already changed and we are in bullrun continuation for the season, because not only when the market falls it should be of a serious concern.

Price may falls but it will surely go up when it is not the time to go down. Has can be a reason to sell but it's not yet time to sell since their is high chances Bitcoin will go up and up to attain anither all time high. This is not the time to ponder on what to do since this has been reoccurring every time the news make the price of Bitcoin to fall.