Bitcoin Nears Lowest Since June as U.S. Government Shutdown Hits Joint Longest

Bitcoin Nears Lowest Since June as U.S. Government Shutdown Hits Joint Longest

Bitcoin hovered near its lowest level since June, trading between $103,000 and $105,000 on Tuesday as selling pressure persisted. The decline marked an extension of its multi-week slide, with traders citing broader risk aversion and a strengthening U.S. dollar as key drivers behind the weakness in digital assets.

The ongoing U.S. government shutdown, now stretching into its 35th day and tying the record for the longest in history, further dampened sentiment across markets. The U.S. Dollar Index (DXY) briefly crossed the 100 mark, a level that often weighs on Bitcoin and other risk assets, as investors sought safety amid fiscal uncertainty.

Market Snapshot

BTC price
~$103K–$105K intraday; lowest levels since late June.

Shutdown status
Day 35 on Nov. 4, tying the 2018–19 record.

Dollar
DXY >100 intraday; strongest in ~3 months.

Tech risk tone
QQQ and futures indicated early weakness.

Drivers of the Move

Stronger dollar
The dollar index moving above 100 increases pressure on dollar-denominated assets like BTC. 
Policy and macro fog
The prolonged shutdown now tying the longest in history has delayed economic data and added uncertainty, keeping traders defensive. 
Positioning and technicals
Spot levels near ~$103K are viewed as key; several traders warn a break could test sub-$100K support. FX Leaders

Shutdown Impact on Crypto and Tech

With federal data releases curtailed, investors lean on private gauges while volatility rises across macro assets. Tech-heavy futures and QQQ showed pre-market softness, a pattern that often bleeds into crypto beta. Meanwhile, prediction markets continue to price meaningful odds that the impasse persists beyond mid-November, dampening appetite for risk.

Bitcoin in Context

BTC now sits roughly 20% below its Oct. 6 record near $126.5K, revisiting prices last seen around June 24. Headlines tied to geopolitical tension in late June also coincided with the prior dip below $100K.

Bitcoin nears lowest since June: What levels matter?

$103K–$105K
Immediate spot zone where bulls and bears are active.

$100K
Psychological round number; a break could accelerate momentum.

$126.5K
All-time high from Oct. 6; now distant resistance.

Trading lens: bitcoin nears lowest since June vs. DXY >100

Historically, strong dollar upswings sap demand for risk. Tuesday’s push above 100 on DXY coincided with broader risk softness, including tech futures.

Context & Analysis

 BTC’s slide reflects a classic macro-tightening mix: stronger dollar, policy uncertainty, and risk-off in high-beta equities. If DXY sustains >100 while the shutdown drags past mid-November (as odds imply), crypto may remain range-bound or test $100K. Conversely, a budget breakthrough or dollar pullback could relieve pressure.

Conclusion

With Bitcoin trading near its lowest levels since June, market attention has shifted to the crucial $100,000 support zone. The drop comes as Washington’s funding standoff hits the 35-day mark, matching a historic record, while the strengthening U.S. dollar adds further pressure on risk assets.

Traders are now watching for potential catalysts that could shape short-term direction. Progress on government funding talks, movements in the U.S. Dollar Index (DXY), and shifts in broader risk appetite particularly across major tech benchmarks will likely determine whether Bitcoin can stabilize or extend its current slide in the days ahead.

FAQs

Q : Why is bitcoin falling today?

A : Stronger dollar, a record-tying U.S. shutdown, and softer tech sentiment pressured BTC toward $103K–$105K.

Q : Does the shutdown directly affect crypto markets?

A : Indirectly by elevating uncertainty, delaying data, and nudging risk appetite lower.

Q : What is DXY and why does it matter?

A : It tracks the dollar vs. major peers; a rising DXY often weighs on dollar-priced assets like BTC.

Q : Is this the longest shutdown?

A : As of Nov. 4, it ties the 35-day record set in 2018–2019.

Q : Could BTC dip below $100K?

A : If risk aversion persists and DXY stays firm, a test is possible; watch key support.

Q : What do betting markets say?

A : Polymarket odds lean toward the shutdown extending beyond Nov. 16.

Q : Is it common that bitcoin nears lowest since June during policy stress?

A : Macro shocks and a firm dollar often coincide with BTC drawdowns, as seen this week.

Facts

• Event
  BTC approaches late-June lows amid record-tying U.S. government shutdown and stronger dollar

• Date/Time
  2025-11-04T10:00:00+05:00

• Entities
  Bitcoin (BTC); U.S. federal government; U.S. Dollar Index (DXY); Invesco QQQ Trust (QQQ)

• Figures
  BTC ~$103K–$105K; DXY >100 intraday; shutdown = 35 days (ties record)

• Quotes
  “The U.S. dollar index surpassed 100… while the shutdown ties the 2018–2019 record.” compiled from Reuters and Reuters/Yahoo data. Reuters+1

• Sources
  Reuters (DXY/shutdown), Yahoo Finance (BTC price), CoinDesk (market wrap), Polymarket (odds). polymarket.com+3Reuters+3Yahoo+3