Bitcoin Faces Potential Impact from U.S. Government Shutdown

Bitcoin traders are preparing for a possible U.S. government shutdown starting January 31, with prediction markets indicating up to an 80% chance of it occurring. According to NS3.AI, such a shutdown could delay the release of crucial economic data, heightening market uncertainty and potentially causing ETF outflows that may negatively affect Bitcoin prices. The extent of the shutdown's impact on Bitcoin could vary, with price fluctuations ranging from a minor 3% decrease to a significant 30% drop, potentially bringing prices down to $60,000.