Bitcoin broke $120,000 and Ethereum rose due to increased safe-haven demand amid U.S. government budget issues and potential shutdown. Investors are moving away from USD-denominated assets and towards gold and Bitcoin. Expect continued short-term volatility, and defensive or neutral options strategies like Bear Call Spreads or Short Strangles are suggested.
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Bitcoin broke $120,000 and Ethereum rose due to increased safe-haven demand amid U.S. government budget issues and potential shutdown. Investors are moving away from USD-denominated assets and towards gold and Bitcoin. Expect continued short-term volatility, and defensive or neutral options strategies like Bear Call Spreads or Short Strangles are suggested.