Data: U.S. government shutdown causes the crypto market to lose $408 billions in growth potential
According to ChainCatcher, CryptoQuant analysis shows that the U.S. government shutdown had a significant impact on the growth rate of the cryptocurrency market. From October 1 to November 10, the market growth rate slowed sharply, with the total market capitalization losing a growth potential of $408 billion.
Market capitalization growth rate (MA Gap Ratio) data shows that bitcoin's growth rate dropped from 16.75% on October 1 to 6.60% on November 10; the growth rate of the top 20 assets (excluding BTC) fell from 32.29% to 14.67%; small and mid-cap assets saw the steepest decline, with the growth rate plummeting from 18.57% to only 0.21%.
The government shutdown triggered significant macroeconomic uncertainty and delayed regulatory progress such as ETF approvals. Due to the lack of official economic data on inflation and employment, the Federal Reserve faced greater difficulties in formulating monetary policy, increasing investor caution. Although bitcoin and ethereum maintained historical resilience, the unstable political environment and interruptions in financial regulatory services heightened risk perception.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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