The news of a potential US government shutdown seem to be in sync with this 8% bitcoin rise. Coincidence or not? It was going up anyway and this seems to have triggered a pretty nice green candle. There's US government shutdown fears almost yearly but it has only happened 4 times in 25 years, I wonder how bitcoin will perform if it actually happens, I assume it will perform very well.
Definitely a coincidence. This is a case of backfitting news into an unrelated market event. It's not causation, it's not even correlated. Bitcoin has been retracing heavy losses it's taken over the last month, and this is a continuation of that same trend. It has nothing to do with the US government shutdown, and further, considering you can't buy or sell 99.99% of the things you you want/need in this economy with Bitcoin, if the dollar were to blow up on account of a government shutdown (not likely to begin with), then Bitcoin would tank because it represents tied up value that isn't useful.