Shutdown Hopes, Trump Dividend Talk Lift Bitcoin to $106K
Bitcoin rebounded to near $106,000, driven by hopes of a US government shutdown resolution and comments from President Trump about a potential dividend.Summary
Bitcoin experienced a significant weekly decline of nearly 5%, initially triggered by bearish sentiment following news of Michael Burry's short position in AI stocks, which led to institutional investor exodus and pushed BTC below the $100,000 support level to a low of $99,000 on Wednesday. The price found critical support at the 365-day Moving Average (MA), preventing a deeper bear market descent. The subsequent rally was fueled by two main catalysts: news that Senate Majority Leader John Thune hinted at an imminent end to the month-long US government shutdown, which analysts believe was reducing market liquidity, and a social media post from President Trump suggesting a potential dividend of at least $2000 per person. This combination propelled Bitcoin back above $105,000. Looking ahead, market focus remains on the resolution of the shutdown and speeches from several influential Federal Reserve officials regarding potential future rate cuts.
(Source：BeInCrypto)