According to Jinse Finance, as the risk of a government shutdown approaches in the United States, Bitcoin stabilized around $114,300 on September 30, while mainstream tokens such as Ethereum and SOL generally fell. Bitfinex analysts warned that the shutdown would lead to delays in the release of key economic data, undermining investor confidence and making Bitcoin more susceptible to market shocks. This shutdown also means that the formulation of encryption regulations by regulatory agencies such as the SEC and CFTC will be suspended, potentially hindering the approval process for Crypto Assets ETFs like Solana. The market generally expects that Crypto Assets will enter a longer period of consolidation.
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According to Jinse Finance, as the risk of a government shutdown approaches in the United States, Bitcoin stabilized around $114,300 on September 30, while mainstream tokens such as Ethereum and SOL generally fell. Bitfinex analysts warned that the shutdown would lead to delays in the release of key economic data, undermining investor confidence and making Bitcoin more susceptible to market shocks. This shutdown also means that the formulation of encryption regulations by regulatory agencies such as the SEC and CFTC will be suspended, potentially hindering the approval process for Crypto Assets ETFs like Solana. The market generally expects that Crypto Assets will enter a longer period of consolidation.