Bitcoin News Update: Federal Bitcoin Policy Decisions Hindered by Data Gaps Caused by Shutdown

The U.S. Federal Reserve called an unscheduled meeting with major Wall Street executives on Wednesday as

, hovering close to $104,000 amid growing market instability. The digital asset’s sideways movement mirrors widespread economic volatility, such as a that postponed vital economic reports and created uncertainty around the Fed’s next steps. At the same time, institutional interest in began to show early signs of a rebound, as on Tuesday.

The shutdown, which suspended operations at agencies like the Bureau of Labor Statistics and the Bureau of Economic Analysis, has left investors in a “data blackout,”

. Press secretary Karoline Leavitt needed for crucial reports, including October’s employment and inflation numbers. If the resolution passes the House and receives President Trump’s approval, it could relieve liquidity strains and restore data reporting, though that sidesteps more significant budget discussions.

The direction of Bitcoin’s price remains closely linked to macroeconomic shifts. Although ending the shutdown could spark price swings, for now. Technical analysis supports this: from its record high, with the 50-week EMA at $100,862 serving as a key support. If this level fails, the next support is the 100-week EMA at $85,508. Additionally, , with the RSI at 41 and the MACD showing a bearish crossover.

Institutional interest in Bitcoin remains, albeit subdued. Despite a net outflow of $1.22 billion over the past week, Tuesday’s inflow

, indicating renewed attention from institutional investors. This fits with broader patterns: , predicting the cryptocurrency will outperform both gold and the S&P 500 by the end of the year.

Regulatory changes are also influencing the crypto sector.

, treating them similarly to foreign currencies to combat organized crime. This measure, part of an “anti-faction” initiative, lets banks sell seized assets before trial, targeting groups like Comando Vermelho.

Uncertainty around Fed policy has further complicated the outlook.

, making it nearly a toss-up, as some Fed officials advocated for delaying monetary easing. , with Boston Fed President Susan Collins stressing that further cuts would require strong justification. Markets now anticipate a 25-basis-point reduction at the December meeting, which would bring the benchmark rate down to 3.5%-3.75%.

Bitcoin’s position in the financial world continues to evolve, shaped by both institutional moves and regulatory shifts. As the Fed manages a delicate economic environment and Brazil tightens oversight of digital assets, Bitcoin’s future will hinge on greater economic clarity and regulatory developments.