The US government has been paralyzed for over a month in what appears to be the longest shutdown in US history. This situation could finally come to an end following a recent agreement between Democrats and Republicans.
Is the US government shutdown coming to an end?
The US government has been completely paralyzed since October 1, following a failure by Democrats and Republicans to reach an agreement on the budget bill. The situation became historic on November 5, when it became the longest government shutdown in the country’s history.
In practice, more than 700,000 civil servants have found themselves without pay, while ongoing administrative procedures and the delivery of strategic economic figures are no longer guaranteed. Despite everything, the SEC’s initial approvals for spot crypto ETFs marked a decisive step forward at the end of October.
At the same time, Republicans and Democrats are trying to find common ground—even if it is temporary and still fragile—in order to break the deadlock. A first step in this direction has just been taken in the Senate, with an agreement reached to ensure government funding until January.
However, the bill must still pass the House of Representatives before ending up on Donald Trump’s desk for final approval. These steps do not seem to be discouraging bettors on the Polymarket platform, with an effective resolution expected at 85% by the end of this week at the latest.
The crypto market reacts favorably
This announcement of a possible end to the shutdown, even if only temporary, seems to have given the cryptocurrency market a bit of a boost. The top 10 cryptocurrencies by market capitalization have seen gains of between 2% and more than 8% over the last 24 hours, although this is still not enough to offset the losses recorded over the last seven days.
Bitcoin is up 4.5% over this period, allowing it to return to the strategic level of around $106,000. It will have to break through this resistance on a daily basis (at least) to confirm an effective return above this threshold.
At the same time, Donald Trump has just announced the payment of a “dividend of at least $2,000 per person (not including high-income earners)” directly from the collection of his increased tariffs. This is very good news for risky assets, according to Vincent Liu, chief investment officer at Kronos Research.
Crypto is rising as Trump’s proposed “tariff dividend” stimulates risk appetite. The improving macroeconomic environment, driven by optimism about a possible end to the US government shutdown, is reinforcing the momentum for recovery.
Vincent Liu
Could the end of the US shutdown provide the momentum needed for Bitcoin to return to a bullish trend? It’s possible, according to some analysts who are convinced that the BTC bull run has not even really begun yet.
