"When the government shutdown concludes today, we might witness a relief bounce. However, I believe that the decline has begun. – cryptocurrency investor Ted Pillows. As the U.S. shutdown came to a close, stocks rose again. Ahead of crypto winter, Morgan Stanley advises investors to cash in on their gains. Even though the U.S. government shutdown is expected to end, investors continued to steer clear of digital assets, causing Bitcoin and other major cryptocurrencies to plummet once more.
According to CoinMarketCap data, the top cryptocurrency plummeted over 1.6% to $103,559.17 at the time of writing, while Ethereum sank 3.1% to $3,448.26 and XRP fell 2.4% to $2.39. BNB was down 1.9%, Solana was down more than 5%, and Dogecoin was down 2.6%, among other tokens. Read more...