#NEW Update on the crypto market reaction to recent “$100 B exits” tied to U.S. government shutdown fears:
Over the past 24 hours, the global cryptocurrency market lost roughly $100 billion in total market capitalization as traders reacted sharply to rising fears of a potential U.S. government shutdown. The sell-off was triggered after Senate Democrats signaled they would block a funding bill that included Department of Homeland Security appropriations, increasing the likelihood of a partial shutdown and creating heightened political uncertainty in Washington. This panic led to widespread selling of risk assets, with Bitcoin and Ethereum among the hardest hit. Bitcoin dipped around 3.4 %, sliding below key psychological levels near $88 k, while Ethereum saw an even larger drop of over 5 % in the same period. �
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In addition to price declines, traders also experienced significant leveraged liquidations, with more than $360 million in futures positions closed, mostly long bets. This cascade effect compounded downward pressure on prices. Market sentiment, measured by indicators like the Fear & Greed Index, shifted toward “Extreme Fear,” reflecting widespread risk aversion among investors. �
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Macro uncertainty — including political standoffs, upcoming central bank decisions, and broader economic data — continues to dominate crypto sentiment, leading to volatile price swings and heightened sensitivity to headlines