The cryptocurrency market weakened once again after Bitcoin (BTC) fell below a key support level around US$96,000. This decline coincided with the end of the United States (US) government shutdown.

US President Donald Trump signed a budget bill that officially ended the 43-day shutdown on Wednesday night (Nov 13) local time. The signing marked the conclusion of the longest shutdown in US history and restored federal funding through January 30, 2026.

With the government fully reopened, agencies that play crucial roles in the crypto ecosystem—such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—are now able to resume their regulatory agendas.

However, the situation following this shutdown differs from previous episodes. Even though the US government is operational again, the crypto market’s response remains muted, and Bitcoin continues to face downward pressure.

INDODAX Vice President Antony Kusuma noted that the current price swings should be seen as part of the market’s consolidation phase toward greater maturity. Furthermore, uncertainty over interest rate policy remains the primary factor influencing Bitcoin’s price direction.

“The Fed’s interest rate decisions directly affect Bitcoin’s movements. As long as policy direction remains unclear, market volatility will stay elevated because investors tend to wait for clearer signals before re-entering,” Antony said in a written statement on Friday (Nov 14, 2025).

He added that potential signals of a rate cut in December could serve as a critical turning point, as shifts in monetary policy may open room for price recovery in the global crypto market.

In addition, amid the current short-term pressure, Antony emphasized that the ongoing price movements reflect the natural dynamics of digital asset markets during periods of global uncertainty.

“Bitcoin’s drop below US$100,000 is influenced by several external macroeconomic factors. With the shutdown over and regulators back to full operations, the market now has space to realign its direction in the coming weeks,” he explained.

He stressed that the current volatility should not trigger panic. Antony advised investors to remain calm and stay focused on proper risk management.

“Corrections like this are part of normal market mechanics. Every investor should review their long-term investment strategy based on their individual risk profile,” he added.

He also explained that the prolonged shutdown disrupted the processing of key economic data, including the Consumer Price Index (CPI) and the October 2025 nonfarm payrolls report, which were originally scheduled for release in November 2025.

Regarding inflation sentiment, the latest data indicated persistent price pressures. Annual US inflation rose to 3% in September 2025—its highest level since January—up from 2.9% in August, though still slightly below the market expectation of 3.1%.

This latest CPI report remains the primary reference for the Fed, as subsequent data releases were delayed due to the shutdown. With major agencies like the SEC and CFTC back to full operation, market attention is shifting away from political concerns toward clearer crypto regulatory developments.

These include processes such as crypto ETF approval and ongoing discussions around stablecoin regulations. While inflation pressures remain a factor, such regulatory clarity could form an important foundation for long-term growth in the crypto industry.