Moving Markets: Daily News Shutdown relief lifts sentiment across assets
Nov 11, 2025
Manuel Villegas, a researcher at Next Generation Research specializing in crypto markets, discusses the recent recovery in investor sentiment thanks to hopes of resolving the US government shutdown. He explores why Bitcoin is underperforming its typical Q4 strength due to macroeconomic uncertainties and rising risk aversion. Villegas also analyzes ETF dynamics, noting recent outflows while highlighting strong long-term conviction among holders. He links macro factors and AI narratives to the current volatility in the crypto space.
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Shutdown Optimism Sparks Broad Rally
- Optimism around a US shutdown deal sparked a broad market rally across equities, bitcoin and gold.
- Reduced policy and political uncertainty can quickly revive risk-on sentiment in multiple asset classes.
Gold Climbs Amid Weak Data
- Gold rose over 2% to a two-week high on weak US data and a softer dollar.
- Safe-haven flows can strengthen even as equities rally when economic data signal downside risks.
Data Gaps Make Private Sources Vital
- Data delays from the US shutdown mean private data providers will remain important for tracking the economy.
- Central bankers may act more cautiously while official datasets are missing or unreliable.