Delicate situations put nerves on edge.
Being a cryptocurrency trader means never having to unbuckle your seatbelt. But there are times when it's wise to ensure that the seatbelt is properly fastened. This week seems to be one of those moments.
The Fear and Greed Index for cryptocurrencies fell to 26/100, near a level termed "fearful."
Market liquidity remains alarmingly scarce, having not recovered from the collapse caused by excessive leverage last month.
News related to the government shutdown could influence the markets today, but there are unforeseen factors. Unknown factors, so to speak. Because while the recently approved funding bill in the Senate seems about to be passed today in the House of Representatives, the majority of Democrats — and some Republicans — are strongly opposed.
News about the government shutdown, one way or another, could be an important and difficult-to-predict catalyst. Given that the Bitcoin market remains in suspense, this volatile and changing informational situation could, as CoinDesk notes, "trigger significant price fluctuations."
