Bitcoin Steady, but Bitfinex Warns of Downside Risks as U.S. Government Shutdown Looms

CoinDesk reports on how the looming U.S. government shutdown is affecting cryptocurrency markets and regulatory developments.

Crypto markets showed mixed performance on Tuesday as the U.S. government approached a midnight shutdown deadline. Bitcoin managed a late rally to $114,300 despite earlier declines, while Ether dropped 1.3% to just above $4,100. The potential shutdown creates uncertainty around regulatory progress and market data releases that could impact crypto volatility.

• Government shutdown would halt SEC, CFTC, and banking regulators' crypto rulemaking efforts
• Pending cryptocurrency ETF applications for Solana and Litecoin may face delays during shutdown
• Congress postponed crypto market structure legislation markup until October due to shutdown concerns
• Bitfinex warns that delayed economic data releases could amplify crypto market volatility