Key Takeaways:
- Trump signs bill ending the 43-day government shutdown.
- Bitcoin, Ethereum, and XRP see immediate price rebounds.
- Crypto options trading signals cautious optimism in investor sentiment.
- Broader economic reports delayed during the shutdown may affect market analysis.
Trump Signs Bill to End Government Shutdown
US President Donald Trump has officially signed a bill reopening the government after a 43-day shutdown, the longest in U.S. history. The House of Representatives passed the measure with a 222-209 vote, restoring services and pay for over 800,000 furloughed workers.
Trump criticized the shutdown’s impact, stating, “The Democrats shutdown has inflicted massive harm. They caused 20,000 flights to be cancelled or delayed,” and highlighted the effects on millions of Americans deprived of paychecks and food assistance. The bill, however, does not include extensions for Affordable Care Act subsidies or SNAP protections.
Earlier this week, the Senate had advanced a funding bill with a 60-40 vote, marking a bipartisan resolution after 14 unsuccessful attempts. White House Press Secretary Leavitt noted that key economic reports, including October CPI and jobs data, were affected by the shutdown.
Crypto Market Reacts to Political Resolution
The end of the shutdown triggered a noticeable rebound in the cryptocurrency market. Bitcoin (BTC) reclaimed levels above $102,400, marking a 1% gain within 24 hours, with the day’s low and high at $100,836 and $105,297 respectively. Ethereum (ETH) also rose nearly 2%, trading around $3,450, while XRP surged almost 4% to $2.44 from a low of $2.32.
Trading volume and open interest in crypto futures spiked, particularly in out-of-the-money options, signaling a growing divergence in market sentiment. Analysts interpret these movements as early indications of investor optimism following political stability.
Market Implications and Investor Takeaways
The government reopening restores a degree of economic certainty, alleviating some short-term market risk. Investors in both traditional and digital assets are watching closely, as the shutdown’s resolution may stabilize markets and encourage renewed capital flows.
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Crypto Gains Amid Political Stability
With government services restored and furloughed employees returning to work, financial markets—including cryptocurrency—are seeing a much-needed recovery. While the shutdown leaves gaps in healthcare subsidies and food aid, investors are responding positively, with Bitcoin, Ethereum, and XRP regaining momentum. For crypto traders, this political resolution underscores the sensitivity of markets to government actions, highlighting the importance of monitoring geopolitical events for timely investment decisions.
