Bitcoin increased by 2.9% to $92,670.71 after the resolution of the US government shutdown, indicating a shift toward risk-on trading. Despite this rise, Bitcoin’s price remains below important moving averages, suggesting mixed technical signals. Traders are observing the cryptocurrency market closely, as the end of the shutdown has influenced investor sentiment. The current market dynamics reflect a cautious optimism among investors, but the technical indicators present a complex picture. Analysts continue to monitor Bitcoin’s performance as it navigates these challenges.
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