Bitcoin Rises as Risk Sentiment Recovers — Market Talk

Bitcoin rises as risk sentiment recovers on optimism that the U.S. could avoid a government shutdown. Senate Minority Leader Chuck Schumer said he would support a Republican funding bill set for Friday afternoon, removing the threat of a government shutdown. It marks a reversal in his stance after he vowed that he and other Democrats would block the bill. Hopes that a U.S. government shutdown will be averted is boosting risk appetite, helping U.S. stock futures to rise, Tickmill Group's Patrick Munnelly says in a note. IG futures data show the tech-heavy Nasdaq opening 0.9% higher. Bitcoin has a strong positive correlation to the U.S. index. The cryptocurrency is last up 2.6% at $82,467, according to LSEG.([email protected])