In brief
- Bitcoin and Ethereum are both roughly flat on the day as Congress races to pass a funding bill before the shutdown deadline.
- Some 85% percent of Myriad prediction market users expect Bitcoin to see at least 48 red candles before Wednesday noon amid political uncertainty.
- Ledn’s CIO John Glover remains optimistic, noting that digital asset price dips during past Trump-era shutdowns were viewed as buying opportunities and markets bounced back quickly.
Bitcoin and Ethereum were roughly flat early Tuesday morning, with hours left for Congress to approve a funding bill that would avert a U.S. government shutdown.
At the time of writing, Bitcoin is trading for $113,435, showing no movement over the last 24 hours but a slight 0.4% uptick over the last hour. Ethereum is down just 0.3% on the day and is currently changing hands for $4,153, according to crypto price aggregator CoinGecko.
The political uncertainty and potential to delay key U.S. macroeconomic data has left some Bitcoin traders feeling pessimistic. Users on Myriad, a prediction market owned by Decrypt’s parent company DASTAN, don’t
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Author: Stacy Elliott
