BTC Price Approaches Lowest Since June, as U.S. Government Shutdown Hits Joint Longest

The price of Bitcoin (BTC) is approaching $103,000, nearing its lowest level since late June, as external financial pressures mount. This decline coincides with the U.S. Dollar Index (DXY) rising above 100 for the first time since August 1, a trend that typically exerts downward pressure on risk assets like cryptocurrencies and tech stocks. Furthermore, the U.S. government shutdown has reached its 35th day, matching the 2018–2019 record for the longest in history, with prediction markets suggesting it may extend past mid-November, adding to market uncertainty. Tech stock futures are also weakening, reflecting the broader risk-off sentiment impacting Bitcoin, which is currently about 20% below its October 6 record high of $126,500.

(Source：CoinDesk)