Bitcoin Magazine Bitcoin Price Roars Past $118,000 as U.S. Government Shuts Down

The U.S. government officially shut down at midnight after lawmakers in Congress failed to pass a new funding bill.

While Wall Street dumped in early trading, Bitcoin’s price surged to fresh highs above $118,000.

At 12:01 a.m., the funding bill that kept the government running expired, leaving large parts of the federal apparatus shuttered. Social Security recipients, federal workers, and travelers will feel the immediate effects, but markets are already showing signs of stress.

Bitcoin has traded sideways in recent months, but key liquidity indicators suggest a breakout may be near. Global M2 growth, stablecoin supply trends, and gold’s rally — which Bitcoin has closely tracked with a 40-day lag — all poi

See Full Page