Overview

• Bitcoin hovered near $114,000 with little 24‑hour change and ether traded just above $4,100 after the midnight shutdown, reflecting cautious price action.
• Non‑essential activity at the SEC and CFTC is expected to halt, likely delaying ongoing crypto rulemaking and ETF‑related processes, according to industry reporting.
• Bitfinex analysts warned that confidence erosion and data blind spots from postponed economic releases could amplify volatility and skew risk sentiment.
• Congressional work on crypto market‑structure legislation has slipped, with a Senate Banking markup pushed to later in October, though a Senate Finance crypto tax hearing was still planned for Wednesday.
• Some market voices pointed to past shutdowns that produced short‑term declines followed by multi‑month rebounds, even as prediction‑market users showed elevated short‑term pessimism for bitcoin.