- Bitcoinโs price fell beneath $87,000 amid shutdown fears.
- 78% odds in prediction markets.
- Institutional outflows reached $1.7 billion from ETFs.
Bitcoinโs price dipped below $87,000 amid 78% odds of a U.S. government shutdown by January 31, 2026, reflected in prediction markets and fueled by tariff threats from President Trump against Canada and the EU.
Bitcoinโs drop is notable as institutional investors exit due to shutdown risks, impacting financial stability and crypto market confidence.
The recent decline in Bitcoinโs price is linked to increased U.S. shutdown odds, based on prediction markets statistics. President Trumpโs tariffs on Canada and the EU add tension. Chuck Schumer has indicated blocking spending packages without certain provisionsโ removal.
โWith a prediction of 78% odds of a U.S. government shutdown by January 31, thereโs a notable increase in investor unease within the crypto sector.โ
The drop in Bitcoin, with prices falling to $87,000, is attributed to institutional outflows from Bitcoin ETFs, amounting to $1.7 billion. Additionally, Ethereumโs price also fell to $2,882, amplifying overall market concerns.
Financially, these events have resulted in Bitcoinโs significant reduction from its $126,200 all-time high. Further, $226 million in short liquidations and total market liquidations of $765 million underscore market volatility amid government instability.
The potential shutdown could cause delays in economic data and crypto regulatory approvals, influencing markets considerably. Historical data shows past shutdowns have led to significant impact on Bitcoinโs price, exemplifying potential regulatory and financial consequences on crypto assets.
About the author
Bitcoin Drops Amid 78% Odds of US Shutdown
Bitcoin falls below $87,000 as US shutdown odds reach 78% in prediction markets.
Spot Gold Exceeds $5,100 as Tensions Escalate
Spot gold has exceeded $5,100 per troy ounce, marking an all-time high in early trading, according to LBMA data.
U.S. Dollar Share in Global Reserves Declines Slightly
The U.S. dollar's share of global foreign exchange reserves fell slightly to 56.92% in the third quarter of 2025, indicating minor shifts in global financial markets.
Whale Buys 985.5 XAUT with $4.98M on Lending Platform
Anonymous whale acquires 985.5 XAUT for $4.98M through a revolving lending platform.
World Liberty Finance Executes Major WBTC to ETH Transaction
World Liberty Finance sells 93.77 WBTC for 2,868.4 ETH, marking a significant crypto market event.
Crypto Long Liquidation: $131M Wiped Amid Market Volatility
Bitcoin drops lead to $131M liquidation, impacting Ethereum and Solana amid geopolitical tensions.
Related
Spot Gold Exceeds $5,100 as Tensions Escalate
Spot gold has exceeded $5,100 per troy ounce, marking an all-time high in early trading, according to LBMA data.
U.S. Dollar Share in Global Reserves Declines Slightly
The U.S. dollar's share of global foreign exchange reserves fell slightly to 56.92% in the third quarter of 2025, indicating minor shifts in global financial markets.
Whale Buys 985.5 XAUT with $4.98M on Lending Platform
Anonymous whale acquires 985.5 XAUT for $4.98M through a revolving lending platform.
World Liberty Finance Executes Major WBTC to ETH Transaction
World Liberty Finance sells 93.77 WBTC for 2,868.4 ETH, marking a significant crypto market event.
Crypto Long Liquidation: $131M Wiped Amid Market Volatility
Bitcoin drops lead to $131M liquidation, impacting Ethereum and Solana amid geopolitical tensions.
Newly Created Wallet Receives 25,001 ETH from Bitfinex
A new wallet on October received 25,001 ETH, valued at $73 million, from Bitfinex.
