Bitcoin Nears $119K as Crypto Markets Rally Amid Global Uncertainty
- A U.S. government shutdown and Japan's bond market stress did not significantly impact digital assets.
- Traders expect potential easing of global liquidity conditions, with a possible delay in the U.S. payrolls report.
- U.S. employment data and Japanese yield increases hint at policy shifts that may influence global markets.
- Crypto markets are speculating on increased inflows amid these economic dynamics.
- Bitcoin rose over 3% to $118,700; Ether increased by 5.6% to $4,374.
- Solana added nearly 7%, reaching $223; Dogecoin surged almost 9% to $0.25.
- XRP steadied at $2.97 after fluctuations around $3.00.
- The total digital asset market cap exceeded $2.37 trillion according to CoinMarketCap.
- Volatility metrics indicate steadier markets across multiple sectors.
- Analysts note lower implied volatility due to an accommodative Fed and stabilizing global GDP.
- The coming weeks will reveal if crypto can maintain momentum amid geopolitical pressures.
