Skip to content
Sign In Subscribe
The Wire — B.R.O.

US Government Shutdown Begins, But Bitcoin Holds $114K as ETFs Keep Positive Streak

Your daily access to the backroom

,   and  Blockhead
3 min read

Key Takeaways

  • The U.S. government shutdown commenced, furloughing 750,000 workers at a daily cost of $400 million, halting economic data releases.
  • Bitcoin trades at $114,400, locked in a narrow $113.3K–$114.8K range; critical supports lie at $111K and $108K. Ethereum held $4,100, Solana weakened below $210, while BNB stayed above $1,000.
  • Spot ETFs kept solid daily momentum positive: BTC +$430 million inflows, ETH +$127 million inflows, with no funds seeing redemptions.
  • Options skew shows rising demand for downside protection; implied vols remain near historic lows.
  • Gold surged 12% in September, its best month since 2011, reflecting elevated demand for hard assets.

This post is for paying subscribers only

Subscribe

Already have an account? Sign In

Related

Latest

Will 2026 Unwind Crypto Treasury Firms?
DATCOs

Will 2026 Unwind Crypto Treasury Firms?

The trade that once let equity investors proxy Bitcoin exposure is breaking down. With treasury firms underperforming their underlying assets, the model is shifting from accumulation to debt management—and many DATCOs may not make it through the next phase.

,   and  Ashrith Rao
Crypto Cues to Watch Heading Into 2026 & Beyond
Macro

Crypto Cues to Watch Heading Into 2026 & Beyond

Crypto markets are set to be shaped less by single data prints and more by deeper forces – central bank credibility, AI-driven risk cycles, tariff-led inflation pressures, and dollar liquidity – creating a year defined by volatility, not clean trends.

,   and  Ashrith Rao