According to @business, traders are preparing for the fallout as the U.S. government shutdown shows no end in sight, earnings season approaches, equity valuations remain elevated, and the labor market shows signs of cooling. source: Bloomberg Traders are bracing for volatility across risk assets as macro uncertainty collides with high equity valuations. source: Bloomberg BTC and ETH have exhibited sustained positive correlations with U.S. equities during 2022–2023, linking crypto performance to equity risk sentiment. source: Kaiko Research Past U.S. shutdowns reduced near-term growth and disrupted key economic data releases used for trading decisions, heightening policy and rate uncertainty. source: Congressional Budget Office; U.S. Bureau of Labor Statistics Crypto traders monitor U.S. yields and the dollar because BTC has shown inverse relationships to real yields and DXY in prior cycles, making macro swings during earnings season particularly relevant for crypto risk. source: Coin Metrics