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Dogecoin Slips as Shutdown Risk Clouds Hopes for October Crypto ETFs

Investors weigh the possibility that curtailed SEC operations could push back anticipated approvals.

Overview

  • Dogecoin fell about 3% from yesterday afternoon as of 10:46 a.m. ET on Tuesday, marking a sharp intraday pullback.
  • Crypto prices had risen in recent days as some traders positioned for stress in traditional markets tied to a potential U.S. government shutdown.
  • The government faces a funding lapse at 12:01 a.m. Wednesday without a deal among President Donald Trump, Republicans, and Democrats.
  • A shutdown could slow the SEC’s work, introducing timing risk for spot-crypto ETF decisions that analysts expect in October, including a potential Dogecoin fund.
  • Market commentary cautions that Dogecoin’s meme-token volatility makes short-term moves hard to pin on a single driver, and the article’s author advises avoiding it due to limited utility.