Bitcoin and ether dip ahead of looming government shutdown: CNBC Crypto World

Bitcoin and ether dip ahead of looming government shutdown: CNBC Crypto World

On today's episode of CNBC Crypto World, digital currencies turn lower after a decline in consumer confidence and as the deadline to fund the U.S. government shutdown. Plus, the SEC and CFTC hold a joint roundtable to align their approaches to regulation. And, Paul Grewal of Coinbase discusses a new marketing campaign targeting concerns from banks over stablecoin rewards.

US Shutdown Dents Crypto Markets: Will Crypto Recover? What Happened to BTC USD Last Shutdown

Gold’s new record and a fresh US government shutdown put crypto on edge, with Bitcoin hovering near $116,000 as traders brace for data blackouts and a foggier Fed path. The United States entered a federal government shutdown overnight, rattling markets worldwide.  Gold surged to an all-time high, while the dollar weakened, as crypto traders debated whether risk aversion would weigh on or support digital assets. (Source: Coingecko) Bitcoin was tr…

Can the government shutdown have a significant effect on the crypto space?

The U.S. government is facing a shutdown due to the inability of Republicans and Democrats to agree on the budget. Various sources evaluate the probability of a shutdown as high. If it happens, a shutdown may have multiple repercussions. Among…