Bitcoin (BTC) and the broader crypto market faced selling pressure on Tuesday, October 7, sending XRP crashing to a low of $2.85. Stalemate on Capitol Hill triggered a flight to safety as investors reacted to rising stagflation risks. The US government shutdown has delayed the release of primary economic data, shifting focus to secondary data. Consumer inflation expectations rose from 3.2% in August to 3.4% in September, while the RCM/TIPP Economic Optimism Index dropped from 48.7 in September to 48.3 in October. Amid economic uncertainty, the ongoing US government shutdown could also delay the SEC approval of S-1s ... (full story)