U.S. Government Shutdown Persists as Bitcoin, Gold Hit New Highs
The U.S. government is currently in its first shutdown since 2018, with no clear end in sight. This comes as Bitcoin and gold prices reach new highs, while stocks take a dip.
The ongoing government shutdown, which began on September 30, 2025, has left the duration uncertain. This echoes the record 35-day standoff in late 2018 that significantly impacted markets. The shutdown stems from a political impasse between Democrats and Republicans in Congress over funding bills.
Meanwhile, Bitcoin has surged to its highest price in about two weeks, surpassing $117,000. This comes after a 3.6% increase in the last 24 hours and a 7% spike since Sunday. Gold also hit a new all-time high above $3,922 per ounce on Wednesday morning.
However, stocks have fallen in response to the government shutdown. The S&P 500 and Nasdaq each dropped about 0.5% upon open.
The U.S. government shutdown continues, with no resolution in sight, reminiscent of the 2018 record standoff. Despite this, Bitcoin and gold prices have reached new highs, while stocks have dipped in response to the political uncertainty.
