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U.S. Federal Government On Track to Another Shutdown as Top Analyst Signals Further Bitcoin Drop 

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U.S. Government Shutdown

The post U.S. Federal Government On Track to Another Shutdown as Top Analyst Signals Further Bitcoin Drop  appeared first on Coinpedia Fintech News

The United States federal government is on track for another shutdown by the end of Friday. The Congressional Democrats have been pushing for changes to ICE policies, thus standing in the way of President Donald Trump.

On Thursday, the Senate blocked the House-approved 6-bill spending package with a vote of 45–55. This is after the Senate included extended DHS funding through September 30 with no meaningful reforms. 

The bill failed to reach the 60 votes needed, after a bipartisan group – including all Democrats and 7 Republicans – voted against it rather than hand DHS a blank check.

Traders Brace for a Potential Federal Government Shutdown 

Prediction traders have shown uncertainty about the potential federal government shutdown. According to Polymarket, the odds for a U.S. government shutdown are 50%, a sign drop from earlier this week as traders anticipated a last-minute bipartisan deal. 

The last U.S. government shutdown increased bearish sentiment on crypto, thus accounting for heightened traders’ fear. According to market data from CoinMarketCap, the Fear and Greed Index hovered around 38 at press time, which represents fear of further capitulation.

What’s Next for BTC Price?

Bitcoin price will experience heightened volatility over the weekend following its drop below $84k on Thursday. The flagship coin dropped over 5% in the last 24 hours to trade at about $84,462 at press time.

According to market analyst Aksel Kibar, the Bitcoin price is en route to a new multi-month low, potentially to retest its April 2025 support level around $76k.

btc

Source: X

However, Bitcoin price may find a solid support level around $80k if a budget is passed in the coming days. Furthermore, institutional investors led by Strategy and Metaplanet have been accumulating more Bitcoins as Wall Street analysts predict a market reversal for the precious metal industry.

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The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Crypto

WebitPay Showcases Crypto-Funded Visa Cards at TOKEN2049 Singapore 2026

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SINGAPORE, October 2026 — WebitPay, a crypto payment platform offering virtual and physical Visa cards, participated in TOKEN2049 Singapore 2026, showcasing its payment solutions designed to make digital assets more practical for everyday spending. 

As the digital asset industry continues to evolve, attention is increasingly shifting beyond trading and investment towards real-world utility. Crypto-funded payment cards offer a practical way to connect digital assets with familiar payment experiences, allowing users to access everyday payment services through established financial infrastructure. 

Bringing Crypto into Everyday Payments 

WebitPay enables eligible users to fund their accounts with supported cryptocurrencies, including USDT and USDC, and access Visa payment cards for everyday purchases. 

Through its mobile application, users can manage their crypto-funded balances and payment cards in one place. The platform offers virtual cards for online transactions and physical cards for in-store purchases, with Google Pay support available for eligible cards and devices. 

By combining cryptocurrency funding with established card payment infrastructure, WebitPay aims to simplify the experience of using digital assets for everyday spending. 

WebitPay at TOKEN2049 Singapore 

During TOKEN2049 Singapore 2026, WebitPay showcased its virtual card offering and its Webit Black physical card, introducing visitors to its approach to crypto payments under the brand message “Spend Crypto. Live Global.” 

Throughout the event, WebitPay engaged with industry participants across the digital asset, fintech and payment infrastructure sectors, exchanging perspectives on the growing demand for practical crypto payment solutions. 

The discussions highlighted several areas of interest for the company, including cross-border payment experiences, card issuing infrastructure and opportunities to improve the accessibility of crypto-funded payments.

For WebitPay, the exhibition represented an opportunity not only to present its products but also to strengthen its connections within the broader global payments ecosystem. 

Building Towards More Accessible Crypto Payments 

Following TOKEN2049 Singapore, WebitPay remains focused on improving its card payment experience and exploring additional payment capabilities. 

As digital assets become increasingly integrated into mainstream financial services, WebitPay aims to make crypto-funded payments simpler and more accessible to eligible users across supported markets. 

With a focus on practical utility, the company continues to work towards bridging the gap between digital asset ownership and everyday spending. 

About WebitPay 

WebitPay is a crypto payment platform offering cryptocurrency funding and virtual and physical Visa card solutions. Through its mobile application, WebitPay connects supported digital assets with everyday payment experiences, enabling eligible users to manage their balances and access card-based payments. 

For more information, visit https://webitpay.net.

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