Recently, Bitcoin 
$78,538 has exceeded its $110,500 resistance level due to increased investor appetite. In detailed analyses conducted yesterday, it was mentioned that this resistance level was being targeted. It was crucial not to escalate tensions to enable the price to rebound from its lows, and this indeed happened. So, what are the latest declarations from the White House?
US Shutdown and China Discussions
White House Senior Advisor Hassett is making significant statements at the time of writing. Despite the absence of reports since October 1, he asserts that the economic figures are extraordinarily positive. Moreover, he mentioned that the ongoing government shutdown could conclude this week.
“I think the shutdown will end this week. Treasury Secretary Bessent will finalize the negotiations between the US and China.
If the shutdown does not end, the White House will need to take stronger measures.”
Global Implications and Responses
Despite the recent steps taken by the US, Russia remains unyielding. Recently, the European Union’s Foreign Affairs Minister, Kallas, stated their position on the matter.
“The 19th sanction package against Russia will not be the last, and we hope to approve the package against Russia this week.
China is utilizing global supply chains as a weapon.”
These declarations illustrate the willingness of the US and the EU to act in unison concerning both China and Russia, and their concrete steps in this direction are evident.
