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

In the context of rising uncertainty in the cryptocurrency market, traders are adjusting their predictions regarding Bitcoin's price movements. As of late October 2025, the odds for Bitcoin reaching $120,000 have dropped to 43%, a significant decrease from 75% earlier in the week. Recently, Bitcoin traded at $107,659, reflecting a 3.5% loss in 24 hours, further influenced by upcoming fiscal developments. Additionally, the ongoing U.S. government shutdown, now entering its second month, is expected to turn historic as predictors assign an 83% probability that it will surpass the previous longest shutdown of 35 days. In the altcoin space, competition between BNB and XRP is heating up, as BNB appears to be gaining market strength, holding a slight edge over XRP projected for November 2nd.

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