Cryptocurrency Markets Navigate Through US Government Shutdown, Price Declines but Foundations Strengthened, Reports Grayscale

Grayscale, a leading US cryptocurrency asset manager, released its October cryptocurrency market report on the 3rd. Despite the prolonged US government shutdown and other macro risks weighing heavily on the market, innovation within the cryptocurrency industry continued to advance rapidly, the report noted.

The US government shutdown, which began on October 1, lasted until the end of the month, reaching 35 days by November 4, 2025, tying it for the longest on record. In addition to this historic shutdown, concerns over tariff increases on China, pressures in the credit markets, and uncertainty regarding the Federal Reserve's interest rate cut in December contributed to increased market volatility.

On the stock market...