U.S. Government Shutdown Odds Hit 84%: What's Next for Bitcoin? 📉

The likelihood of a U.S. government shutdown before February 14 is escalating rapidly. This development coincides with declines across Bitcoin and the broader crypto market, with the total market cap recently seeing a 1.8% drop to $2.3 trillion.

The Crypto Fear and Greed Index has also notably fallen from 10 to 9. This shift fuels concerns that Bitcoin could face further downward pressure, especially after its price briefly dipped below $70,000 during the last partial shutdown.

As the funding deadline nears, U.S. government shutdown odds are climbing significantly. On the prediction market platform Polymarket, traders are now pricing these odds at 84% for a shutdown by February 14. 📊