CryptMarket Analysis — 4-10-12
Bitcoin has surged above $119,000 as the U.S. government shutdown takes effect, fueling expectations for a positive fiat liquidity impulse amid delayed economic data and elevated bets for Fed rate cuts. Altcoins are rallying, with tokens like monero and aptos posting double-digit gains, while overall trading sentiment is strongly bullish, reflecting anticipation of a breakout beyond all-time highs and robust ETF inflows. The shutdown’s macroeconomic uncertainty is pushing investors toward perceived safe-haven assets—including bitcoin and gold—which are both outperforming. Regulators and institutions are closely monitoring these developments, but for now, the momentum points toward another strong Uptober rally.