Bitcoin Price Corrects Below 100,000 US Dollars After US Shutdown Ends, What Causes It?

JAKARTA - The crypto asset market has again weakened after the price of Bitcoin (BTC) fell below support levels in the range of US$96,000, although the United States government officially returned to operation after President Donald Trump signed a budget plan ending the 43-day shutdown on Wednesday night, November 13 local time.

The signing ended the longest shutdown in US history and restored federal funding until January 30, 2026. With the full operation of the government, institutions that play an important role in the crypto ecosystem, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), can continue its regulatory agenda.

The post shutdown conditions this time are different. Although the US government has returned to operation, the crypto market reaction is relatively flat, even Bitcoin is still under pressure. On the other hand, prolonged shutdown caused disruption to the important economic data collection process, including Consumer Price Index (CPI) and work reports (nonfarm payroll) for October 2025 which was supposed to be released in November 2025.

Regarding inflation sentiment, the latest data shows that price pressure is still looming. The annual inflation rate in the US rose to 3 percent in September 2025 -- the highest since January -- from 2.9 percent in August, although this figure is slightly below market forecasts of 3.1%. This latest CPI data is still the main reference for the Fed due to the release of the latest data delayed due to shutdown.

As for the return of major regulators such as the SEC and CFTC working fully, market attention has begun to shift from political affairs towards clarity of more directed crypto regulations, such as the Crypto ETF approval process and continued discussions of stablecoin regulations. This condition could be an important foundation for the development of the crypto industry in the long term, although inflationary pressures still need to be observed.

INDODAX Vice President, Antony Kusuma, said that current price fluctuations should be seen as market consolidation towards the maturation phase. The rest, the uncertainty of interest rate policies is still the main factor that determines the direction of the Bitcoin price movement.

The Fed's interest rate policy has an impact on Bitcoin price movements. In addition, as long as the policy direction is still uncertain, market volatility will remain high because investors tend to wait for clarity before returning," said Antony.

He added that the signal of cutting interest rates in December could later become an important turning point, because changes in the direction of monetary policy have the potential to open up space for price recovery in the global crypto market.

In addition, in the midst of this short-term pressure, Antony emphasized that the current price movements are part of the market dynamics of digital assets in the era of global uncertainty.

The decrease in the price of Bitcoin below US$100,000 is influenced by several external macro factors. With the end of the shutdown and regulatory operations running again, the market has room to reorganize its direction in the next few weeks, "explained Antony.

He explained that the current volatility does not need to be addressed with panic.

All investors can remain calm and focus on risk management principles. This kind of correction is part of the market mechanism, and each investor needs to review its long-term investment strategy according to their respective risk profiles," he added.