Bitcoin Holds at $106,000 as Markets Await U.S. Government Shutdown Resolution [Crypto Briefing]

[Financial News] On the 11th, Bitcoin (BTC) was trading around $106,000. As expectations rise that the Federal government of the United States will soon resolve the government shutdown, the market appears to be taking a wait-and-see approach.
According to CoinMarketCap, as of 10 a.m. that day, BTC was trading at around $106,000, down 0.17% over the past 24 hours. Over the past week, BTC has declined by 0.30%.
In the Korean won market, BTC was trading at approximately 157 million won. According to the global crypto market comparison platform Cryprice, the Korea premium stood at 1.50%.
The cryptocurrency market is largely expecting the government shutdown to be lifted soon. On the 9th (local time), the Republican Party (GOP) in the U.S. Senate, together with moderate Democratic Party members, passed a procedural vote—the first step toward a temporary budget deal. In response, President Donald John Trump answered 'yes' when asked on the 10th (local time) whether he would accept the shutdown agreement being discussed in the Senate.
Previously, a series of interest rate cuts by the Federal Reserve System (Fed) had increased market liquidity, benefiting the cryptocurrency sector. However, following the government shutdown, the release of key economic indicators such as price indexes has been delayed, causing the market to freeze.
The Bureau of Labor Statistics (BLS) postponed the release of both the October Nonfarm Payrolls (NFP) report and the Consumer Price Index (CPI), which were scheduled for the 7th. Based on past cases, core economic indicators such as U.S. employment and inflation are expected to be released within a week after the government shutdown ends. Although Fed Chair Jerome Hayden Powell stated last month that a rate cut in December is not a foregone conclusion, further cuts will likely depend on upcoming data.
At the same time, Ethereum was trading at $3,585, down 1.36% from the previous day. XRP (Ripple) rose 4.93% to $2.54.

yimsh0214@fnnews.com Im Sang-hyuk Reporter