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

Bitcoin's market dynamics are changing as traders anticipate potentially the longest U.S. government shutdown in history. The cryptocurrency market has seen a bearish shift, with Bitcoin recently trading at approximately $107,659, down about 3.5% in the last 24 hours. Predictions on platforms like Myriad show a decline in confidence for Bitcoin reaching $120,000, now sitting at just 43%. Meanwhile, the U.S. government shutdown has exceeded 30 days, sparking speculation it may surpass the previous record. Current odds suggest an 83% likelihood of this happening, significantly up from 47.5% just ten days ago. Additionally, altcoins BNB and XRP are engaged in a close competition for market cap supremacy, with BNB currently favored at a 55% chance to maintain its ranking over XRP. The overall crypto market sentiment is cautious, influenced by looming decisions around interest rates and governmental resolutions. The next key dates include November 5 for the government shutdown and November 1 for predictions on BNB versus XRP.

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