‘Good News Is Bad News’: Why the Shutdown’s End Is Hurting Bitcoin

• The U.S. government shutdown has ended, but Bitcoin (BTC) is failing to rally, as this “good news” is seen as a bearish catalyst.
• The reopening unlocks delayed BLS economic data, causing Kalshi traders to lower their odds of a December Federal Reserve rate cut.
• This has triggered a clear capital rotation: Bitcoin is struggling near $103,500, while traditional hedges like Gold have surged to $4,212.

Bitcoin (BTC) is struggling to find footing, failing to rally with equities and gold. This bearish divergence is a direct result of the end of the historic 43-day U.S. government shutdown. President Donald Trump has signed the bipartisan 60-40 bill to reopen the government. This “good news,” however, has been met with caution, as Bitcoin struggles to hold $103,500.

Related: No Inflation Data, No Confidence: When Will the Crypto Market Recover Its Lost $408 Billion?

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