Bitcoin has stabilized around $103,000 in Asian trading after a decline during U.S. market hours, according to QCP analysis. The U.S. government shutdown continues, but the Senate has passed a temporary funding bill extending government funding until January 30, 2026. Market expectations suggest the shutdown could end between November 12 and 15. Weak ADP employment data has reinforced expectations of a cautious easing stance by the Federal Reserve. In the short term, Bitcoin's performance remains influenced by policy developments, with year-end outcomes likely dependent on Federal Reserve actions and corporate earnings support.
Bitcoin Stabilizes at $103,000 Amid U.S. Government Funding Developments
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