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Data: US Government Shutdown Causes $408 Billion Growth Space Loss in Crypto Market
Summary: According to CryptoQuant analysis, the US government shutdown has had a significant impact on the growth rate of the cryptocurrency market. From October 1 to November 10, the market growth rate sharply slowed down, resulting in a total market value loss of $408 billion growth space. Market value growth rate (MA Gap Ratio) data shows ...
According to CryptoQuant analysis, the US government shutdown has had a significant impact on the growth rate of the cryptocurrency market. From October 1 to November 10, the market growth rate sharply slowed down, resulting in a total market value loss of $408 billion growth space. Market value growth rate (MA Gap Ratio) data shows that Bitcoin's growth rate decreased from 16.75% on October 1 to 6.60% on November 10; the growth rate of the top 20 assets (excluding BTC) dropped from 32.29% to 14.67%; and small to mid-cap assets saw the most drastic decline, with growth rate plummeting from 18.57% to just 0.21%. The government shutdown has triggered significant macroeconomic uncertainty, delaying regulatory progress such as ETF approvals. With a lack of official economic data on inflation and employment, the Federal Reserve faces greater difficulties in formulating monetary policy, leading to increased investor caution. Despite Bitcoin and Ethereum maintaining historical resilience, the unstable political environment and disruptions in financial regulatory services have heightened risk perception.
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Link: Data: US Government Shutdown Causes $408 Billion Growth Space Loss in Crypto Market [Copy]
