Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History

Recent trends in the cryptocurrency market indicate a shift towards bearish sentiments as traders express increasing concerns over a potential prolonged U.S. government shutdown and its implications. Bitcoin has recently dipped to around $107,659, seeing a decline of approximately 3.5% over the past 24 hours. This shift has influenced predictions on Myriad, where the odds for Bitcoin reaching $120,000 have fallen to 43%. Contrarily, earlier predictions indicated a 75% chance for the asset to hit that mark. This market behavior coincides with fluctuating sentiments toward BNB and XRP, highlighting the competitive landscape among leading crypto assets. Meanwhile, predictions around the ongoing government shutdown show an 83% likelihood that it will surpass the previous duration of 35 days, emphasizing the tense political climate. The situation remains dynamic as stakeholders watch for updates from Congress regarding potential resolutions. The overall trend showcases the intertwined relationship between economic indicators and cryptocurrency market movements, as external factors such as U.S. economic policies heavily influence investor sentiment.

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