BTC has regained the level of $106,000 on Monday as the U.S. government shutdown appears to be nearing an end. The ongoing suspension of funds may further suppress consumption, especially after thousands of flights have been canceled. With the tech-heavy Nasdaq rising 1.5%, the Crypto Assets market also followed suit. Concerns over the overvaluation of the artificial intelligence sector and weak earnings from consumer-oriented companies have led investors to become more risk-averse. The eventual end of the government shutdown could ease tensions and push BTC above $112,000, potentially triggering short-term squeezes. However, betting on a bull run breakout solely based on the resolution of the government shutdown seems overly optimistic. #美停摆危机或将结束?
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BTC has regained the level of $106,000 on Monday as the U.S. government shutdown appears to be nearing an end. The ongoing suspension of funds may further suppress consumption, especially after thousands of flights have been canceled. With the tech-heavy Nasdaq rising 1.5%, the Crypto Assets market also followed suit. Concerns over the overvaluation of the artificial intelligence sector and weak earnings from consumer-oriented companies have led investors to become more risk-averse. The eventual end of the government shutdown could ease tensions and push BTC above $112,000, potentially triggering short-term squeezes. However, betting on a bull run breakout solely based on the resolution of the government shutdown seems overly optimistic. #美停摆危机或将结束?