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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.

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