$BTC Climbs Above $117K While Gold Reaches Record High


The first U.S. government #shutdown in nearly seven years triggered a flight to safe-haven assets Wednesday, with $BTC climbing 3.6% in 24 hours to reach $117,293. #Gold simultaneously touched a new all-time high above $3,922 per ounce before settling near $3,902, marking a 4.6% weekly gain.


Traditional markets painted a contrasting picture as Wall Street opened lower following the midnight shutdown. The S&P 500 dropped 0.5% to $6,658 at market open, while the Nasdaq composite fell by a similar margin to $22,530. Both indices later recovered some ground throughout the trading session.


The shutdown's duration remains unknown, though historical precedent suggests extended uncertainty. The last closure during late 2018 lasted 35 days, becoming the longest in U.S. history. During that period, the S&P 500 shed over 9% in December 2018, marking the worst December performance since 1931.


Federal agency operations have largely halted, including the collection of critical economic data. This pause in #macroeconomic reporting adds another layer of uncertainty to market conditions.

image
October 01, 2025 at 7:08 PM
15
1
1