#USGovShutdown 🇺🇸 Shutdown in the USA, forcing the fall of the crypto market
📉 The cryptocurrency market continued its decline on Saturday, decreasing by 3.4%. Bitcoin fell by 2% - to $81,335, ETH - by 7% to $2,540. Overnight, many leading altcoins fell by 6-10%.
➡️ Market sales accelerated after the renewal of the shutdown in the United States.
The work of government regulations was often slowed down after the House of Representatives was unable to vote for the Senate-passed bill on taxes before the financial deadline.$BTC $ETH $BNB
Analysts say that sentiment on the crypto market has dropped to a rocky low, which may indicate the potential for an uptick.
Behind these words, social behavior is dominated by a sharp bias towards negativity and fear - historically, such moments are often avoided by forming the bottom.
The Crypto Fear & Greed Index dropped to 16 points (extreme fear) - the minimum value in 2026. $BNB
Binance transferred $1 billion to the SAFU fund using stablecoins from Bitcoin over 30 days.
In addition, the fund is regularly reviewed. Since the falling price of BTC forced SAFU to fall below $800 million, the exchange is purchasing BTC, turning the fund up to $1 billion. $BTC $BNB
#PreciousMetalsTurbulence 📉 Market turmoil again: gold, silver, and stocks lost over $6 trillion in market capitalization in an hour
In recent days, precious metal prices have broken historic highs: gold rose to almost $5,600 per troy ounce, while silver exceeded $120.
Flushed with expectations of further growth, many rushed to buy metals. But history warns: such a strategy often ends in disappointment. For example, those who bought gold at the peak in the early 1980s needed about 28 years to break even—not accounting for inflation.
And it appears the scenario is repeating itself. According to data, gold fell 8.2% in just one hour today, and the combined market capitalization of precious metals and stocks has shrunk by more than $6 trillion.
🔖 Earlier, entrepreneur Peter Schiff stated that the dollar would collapse and be replaced by gold. $XAU
📉 The fall of BTC below $85,000 led to the liquidation of over $500 million over the past few years, with $206 million falling to long-term positions in Bitcoin.
🟠Bitcoin fell by as much as 6% and at the time of writing was trading around $84,300. In May, all major altcoins showed a similar decline of hundreds.
Previously, the Fed dropped the key rate without changes, making it clear that the reduction was expected to be the other half of the fate. Geopolitical tensions also do not suit risk assets.
#WhoIsNextFedChair Kevin Warsh is the front-runner to become the next Federal Reserve Chairman.
Polymarket gives him an 84% chance.
Warsh is considered a moderately hard-line candidate: he allows for rate cuts in the short term, but opposes aggressive QE and favors reducing the Fed's balance sheet, limiting expectations for deep rate cuts.
In the crypto context, Warsh is perceived as "Bitcoin-friendly." He has invested in crypto startups and views Bitcoin as a store of value, but is skeptical of it as a means of payment. He also supports blockchain development and the idea of a centralized digital currency (CBDC) in the US.
The market is predicting a scenario without soft monetary policy, but without harsh pressure on the crypto industry.