XRP, DOGE Zoom Higher as U.S. Shutdowns, Japan Bond Slowdown Charge Bitcoin Appetite

As the U.S. government faces a shutdown and Japan’s bond market experiences stress, digital assets have shown resilience, with traders anticipating looser global liquidity conditions. Bitcoin traded close to $118,700, gaining over 3% recently, while ether rose by 5.6%. Notably, dogecoin surged nearly 9%, extending its gains among major cryptocurrencies. XRP has stabilized at around $2.97 following significant fluctuations earlier in the week. The broader cryptocurrency market has seen its capitalization exceed $2.37 trillion, reflecting a departure from macroeconomic apprehensiveness. Analysts suggest that potential delays in the U.S. payrolls report and rising Japanese yields may lead central banks towards a more supportive financial stance, bolstering speculation on market inflows and increased volatility in the crypto space. Despite ongoing geopolitical tensions and economic uncertainty, lower market volatilities indicate a stabilized sentiment among traders, potentially paving the way for future momentum in the crypto markets.

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