Bitcoin is now hovering close to $103,000, marking its weakest level since late June, as macro headwinds intensify across global markets.
The ongoing U.S. government shutdown has reached its 35th day, tying the record from 2018–2019 — and markets are reacting sharply. The U.S. Dollar Index (DXY) has climbed above 100 for the first time since August 1, adding pressure to risk assets like Bitcoin and major tech stocks.
Analysts note that this dollar strength, combined with growing uncertainty around the shutdown’s duration, is fueling fear-driven sell-offs in both traditional and crypto markets.
Prediction platforms such as Polymarket now suggest the shutdown could easily extend beyond mid-November, potentially keeping risk sentiment under stress for weeks.