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Bitcoin

ticked higher on Wednesday while most other risk assets fell after U.S. lawmakers failed to reach a government funding agreement, leading to a shutdown.

The move showed the evolving view of the cryptocurrency to a store of value during dysfunctional geopolitical times, not unlike gold, which rose to a record on Wednesday.

The flagship cryptocurrency traded 1.8% higher on the day at $116,283 as of 6:53 a.m. ET. Over the past 24 hours, it’s up around 3%.