Bitcoin is up today - here is why

The U.S. government shutdown began on October 1 and is now entering its third day. Economists estimate the shutdown could cost the U.S. about $15 billion in lost gross domestic product (GDP) each week, as federal workers are furloughed and key services are delayed. This kind of uncertainty often pushes investors to look for safe-haven assets outside traditional markets. That’s one reason why Bitcoin is up, as traders turn to it as a non-sovereign store of value during fiscal instability. The halt of important economic reports, such as the monthly jobs data, is also adding uncertainty for the Federal Reserve and investors.