U.S. House Set to Vote on Bill to End Government Shutdown Today
- The U.S. government shutdown has lasted for over 40 days and is expected to end today with a House vote scheduled at around 7 pm ET.
- Bitcoin price surged to $105,000 earlier today, reflecting optimism in the crypto market ahead of the potential government reopening.
- Polymarket data indicates a 98% chance that the shutdown will conclude today, bolstering market sentiment.
- House Speaker Mike Johnson expressed confidence that the bill will pass despite some Democratic opposition regarding healthcare funding.
- Market expert Raoul Pal noted that post-shutdown liquidity could significantly benefit Bitcoin and other crypto assets, predicting U.S. Treasury spending of $250 billion to $350 billion soon after.
The anticipated end of the government shutdown is seen as a positive development for risk assets like Bitcoin, which has rallied significantly in response to the news. This reopening may also lead to increased liquidity flowing into the cryptocurrency market.
As Bitcoin approaches its psychological resistance level of $105,000, today’s events underscore the interconnectedness of governmental actions and cryptocurrency performance.(Source)
