Crypto Market Reacts as U.S. Government Shutdown Begins, Can the Uptober Rall...
The U.S. government officially entered a shutdown at 12:01 a.m. ET, and markets, including crypto, immediately recalibrated in response to uncertainty. U.S. equity futures slipped, the dollar extended its losing streak, and gold punched to fresh records near $3,875/oz as investors sought safety. Related Reading: Ethereum Usage Skyrockets With Unprecedented Daily Transaction Growth Amid Market […]
Related News
As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, including providing Americans with the second round of direct payments, the government is facing a shutdown, which could be prevented if lawmakers can pass a spending bill before the Dec. 11 deadline. Congress returned to....
The crypto market surged over the weekend as optimism grew that the United States government shutdown, now in its 40th day, may finally be coming to an end. Related Reading: US Gov’t Shutdown Deal Sparks Hope For Crypto Market Relief Reports of a bipartisan Senate deal lifted global investor sentiment, sending Bitcoin above $106,000 and […]
The US government shutdown has significantly slowed operations across various federal agencies, including the Securities and Exchange Commission (SEC), which was expected to begin the approval process for long-awaited spot crypto ETFs. For the fourth consecutive time, spending proposals intended to reopen the government have been rejected by lawmakers from both parties, pushing the shutdown […]
Quick Facts: ➡️ The crypto market is down roughly 2% due to fears of a U.S. government shutdown, causing a short-term liquidity crunch and risk-off behavior in major assets like BTC and ETH. ➡️ Despite the downturn, smart money is rotating out of correlated assets and into infrastructure plays that offer fundamental utility, specifically in […]
The ongoing United States (US) government shutdown has caused a delay in the approval of several crypto investment products, including the XRP ETFs. As investors eagerly anticipate institutional exposure to one of the most popular and debated crypto assets, new insights from market insiders shed light on revised timelines, procedural shifts, and what could happen […]