Bitcoin falls to $101K despite stocks, gold rallying ahead of vote to end US govt shutdown
Bitcoin fell to new weekly lows at $101,300 as US equities and gold rallied ahead of the key vote to end the US government shutdown, signaling a shift in investor sentiment toward traditional assets.
US stock markets soared on Wednesday as investors anticipated the upcoming US House vote on a bill to end the government shutdown. Bitcoin (BTC), on the other hand, fell from an intra-day high of $105,300 to a weekly low near $101,200, marking a 3.4% decline.
Key Takeaways:
Bitcoin dropped 3.4% amid renewed flows into equities and precious metals.
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