– Bitcoin ETFs record $430M inflow amid US government shutdown – Cumulative inflows surpass $950M in two trading sessions – Shutdown increases demand for Bitcoin as a safe-haven asset – Bitcoin price stabilizes around $114,500 following ETF surge – Analysts predict bullish Q4, potential new all-time highs – Gold prices rise, US dollar weakens amid political uncertainty
Bitcoin ETF Inflows Surge
- Bitcoin exchange-traded funds (ETFs) saw a net inflow of $430 million on Sept. 30, raising total inflows to over $950 million in two days.
- The surge in institutional demand has helped stabilize Bitcoin's price, currently around $114,500.
Impact of U.S. Government Shutdown
- The U.S. government shutdown began on Oct. 1 due to budget negotiation deadlocks, affecting 750,000 federal employees.
- This political uncertainty is expected to increase demand for alternative assets like Bitcoin and gold.
- Gold prices have risen, and Bitcoin is benefiting from its "digital gold" status.
Analyst Predictions for Bitcoin
- Bitcoin briefly dipped to $109,000 but rebounded with strong ETF inflows.
- Analysts suggest that the prolonged shutdown may strengthen Bitcoin's price in Q4 2025.
- Crypto analyst Cas Abbe believes October could see Bitcoin reach a new all-time high.
- Market watcher Captain Faibik anticipates a potential breakout within two months, despite current trading within a descending channel.