The U.S. government entered a shutdown at midnight after Congress was unable to approve a new funding measure.
While Wall Street experienced early losses, Bitcoin’s value soared, reaching unprecedented levels above $118,000.
At 12:01 a.m., the expiration of the funding bill resulted in significant portions of the federal government ceasing operations. This will immediately impact Social Security beneficiaries, federal employees, and travelers. Financial markets are already showing signs of strain.
Bitcoin has been relatively stable in recent months; however, crucial liquidity metrics indicate that a significant move might be imminent. Factors such as global M2 growth, trends in stablecoin supply, and gold’s upward trend — which Bitcoin has mirrored with about a 40-day delay — suggest an upward trajectory is likely. Some experts predict it could reach $150,000 by early November.
Before today’s market opening bell during premarket trading: futures for major U.S. indices pointed downward with S&P 500 decreasing by 0.58%, Dow futures dropping by 0.52%, and Nasdaq futures declining by 0.67%.
In addition to Bitcoin’s rise in value, gold also surged to an all-time high above $3,900 per ounce as investors sought refuge in secure assets.
A Government Information Void?
The markets are grappling with an abrupt halt on governmental data releases due to the shutdown; this includes no weekly jobless claims or September payrolls report from the Bureau of Labor Statistics; if prolonged, a standoff could delay mid-October inflation data too.
This week’s economic forecast remains unclear without Friday’s jobs report, pushing Federal Reserve decisions into uncertainty. Economists caution that each week under these conditions may reduce GDP growth between 0.1–0.2%; if extended over three months, a potential loss up-to 2.4 points off Q4 could occur.
Amidst this ambiguity, Bitcoin takes center stage alongside traditional safe havens like gold and Wall Street investments.

The cryptocurrency has seen substantial gains—over 2.5% year-to-date—fueled largely through institutional acceptance plus its growing reputation against inflationary pressures & political instability risks.
The pressing question remains how sustained will current momentum prove?[1][1][1], historically post-shutdown recoveries occur swiftly within markets where equities close positively across more than half instances since 1.976 but looming threats involving benefit reductions/layoffs present heightened risk scenarios now compared prior occasions! ..