Bitcoin falls as US government shutdown fears mount

The growing possibility of a U.S. federal government shutdown is causing a downturn in Bitcoin and other risk assets, according to an analysis by The Block. Rick Maeda of Presto Research explained that the recent BTC decline stems from macroeconomic factors like U.S. political uncertainty rather than crypto-specific issues. He noted that the U.S. Congress is currently facing a budget deadlock and political conflict, increasing the chances of a shutdown. Meanwhile, Vincent Liu, chief investment officer at Kronos Research, stated that the market is pricing in this political risk, with the probability of a shutdown rising to 75% on Polymarket. According to CoinMarketCap, BTC is trading at $87,781, down 1.25% from the previous day.