U.S. Government Shutdown Disrupts Crypto Markets Amid Delayed Economic Data
Cryptocurrencies opened the week with cautious trading as the U.S. government shutdown entered its 13th day, creating uncertainty across financial markets. The delay in key macroeconomic indicators, including the October Consumer Price Index (CPI), has left investors relying on alternative data sources like the Beige Book and private metrics. The postponed CPI release, now expected on October 24, will narrowly precede the Federal Reserve's critical policy meeting on October 28-29.
Market volatility has intensified as Wall Street braces for bank earnings reports and digests new tariff announcements. All eyes are on Federal Reserve Chairman Jerome Powell and FOMC officials for signals about monetary policy direction. The shutdown-induced data vacuum underscores the crypto market's sensitivity to macroeconomic clarity—or the lack thereof.
